We founded BayPine with the express purpose of capitalizing on the opportunity to make good businesses great by combining the best of traditional private equity with a digital overlay and patient capital approach, so that our portfolio companies are positioned to thrive in the new era and beyond., Mr. Mukherjee said, We are incredibly proud of the strong team we have assembled from premier investment firms and global operating companies, which provides BayPine and our portfolio companies with unrivaled financial and strategic expertise and deep, influential technology relationships. This cookie is set by GDPR Cookie Consent plugin. Pat Schulte Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. In addition to Messrs. Roux and Mukherjee, BayPines Founding Partners, Wan Ling Martello, Marius Haas, Brian Frank, and Steve Ko, possess over 180 years of collective investing and business-building experience. Date. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. For more information, visit www.mavistire.com. Following the merger of Mavis Tire and Express Oil in 2018, the Company has grown to become one of the largest independent tire and service provider platforms in the U.S. while maintaining its deep-rooted commitment to integrity, trust and high-quality customer service. Nathaniel Garnick/Sam Fisher [email protected], For BayPine The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 [email protected] The fund is based in Boston, Massachusetts. BayPine Capital Partners Fund I. Jonathan Gasthalter/Nathaniel Garnick Businesses across traditional sectors of the economy are at an inflection point. Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. Copyright 2023 CB Information Services, Inc. All rights reserved. Customer Service. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Primed by a vigorous deal environment, tech PE fundraising rose to dizzying heights in 2021, with 474 North American vehicles collecting an all-time high of $227bn, according to Buyouts data. The cookie is used to store the user consent for the cookies in the category "Other. View all fund histories. They have advised on some of the largest and most complex transactions in Canada and above all, have the respect and trust of their clients and all of their strategic partners on Bay Street. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. By clicking Accept, you consent to the use of all strictly necessary cookies. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Already a subscriber? We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. Digital is in our DNA. BayPine Capital Partners Fund I. Okt. L-R: David Roux and Anjan Mukherjee at BayPine (provided) Digital transformation specialist BayPine closed its inaugural private equity fund at approximately $2.2 billion, bringing the firm's assets under management to $3 billion in aggregate due to co-investment capital. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. A link has been emailed to you - check your inbox. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. While third party service providers (i.e. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. L-R: David Roux and Anjan Mukherjee at BayPine (provided). Representative past and present partner companies include Backcountry, BrewDog, Canyon Bicycles, Duckhorn Wine Company, Dutch Bros, e.l.f. BayPine recently partnered with SAP on March 3, 2021. Sard Verbinnen & Co BayPine was formed in 2019 by Managing Partners David Roux, Co-Founder and former Co-CEO and Chairman of Silver Lake, and Anjan Mukherjee, former Senior Managing Director at Blackstone and Counselor to the Secretary and Deputy Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. We are thrilled to leverage our consumer expertise to support David, Stephen and the entire Mavis team as the Company looks to capitalize on a number of exciting growth opportunities, including expanding its geographic footprint and increasing its digital capabilities, added Pierre LeComte, Managing Director at TSG. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. You may change your billing preferences at any time in the Customer Center or call It prefers in majority stakes. For more information about. Customer Service. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. Investor Group Led by BayPine, in Partnership with TSG Consumer Partners, to Acquire Mavis Tire Express Services Mar 05, 2021 READ ARTICLE BayPine LP Selects SAP as Innovation Partner Mar 01, 2021 READ ARTICLE Penn Foster Secures Investment to Accelerate Pairing of Data Science with Skills-Based Digital Learning Jan 21, 2021 READ ARTICLE MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. The investor group also includes StepStone Group. Mavis, which was founded in 1972 by Marion and Victor Sorbaro and has roots dating back to 1949, has a strong reputation for delivering best-in-class customer service and quality. We also use third-party cookies that help us analyze and understand how you use this website. Mr. Sorbaro was not compensated in connection with his participation in this video, although he generally receives compensation and investment opportunities in connection with his portfolio company role, and is also an investor in a BayPine-sponsored vehicle and pays no fees in connection with his investment in such vehicle. You will be charged We founded BayPine with the express purpose of capitalizing on the opportunity to make good businesses great by combining the best of traditional private equity with a digital overlay and patient capital approach, so that our portfolio companies are positioned to thrive in the new era and beyond., Mr. Mukherjee said, We are incredibly proud of the strong team we have assembled from premier investment firms and global operating companies, which provides BayPine and our portfolio companies with unrivaled financial and strategic expertise and deep, influential technology relationships. Our purpose-built team possesses what we believe to be a unique combination of operating experience in technology with investing experience in core sectors of the economy. Emerging managers monitor: Tracking new fund formation. Direct links to the EDGAR source material. We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Mavis Tire Express Services, based in Millwood, New York, is one of the largest independent tire and service providers in the United States, with more than 1,100 service centers across 27 states. BayPine was formed in 2019 by Managing Partners David Roux, Co-Founder and former Co-CEO and Chairman of Silver Lake, and Anjan Mukherjee, former Senior Managing Director at Blackstone and Counselor to the Secretary and Deputy Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. The Fund is approximately one-third invested across three investments, including Penn Foster, a pioneering workforce development and online vocational skills company, Mavis Tire Express Services, a leading aftermarket tire and automotive service provider, and Pinnacle Dermatology, one of the largest dermatology management services organizations in the United States. About TSG Consumer Partners. BayPine LP, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion in an initial closing on its debut fund, putting the fund more than halfway to a $2 billion goal, according to people familiar with the offering. We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. Mavis has rapidly grown its platform through the successful completion of several strategic acquisitions in recent years, including the November 2020 merger with Town Fair Tire, a leading business in New England, which continues to operate as the same deep-rooted brand founded by the Mellen family. BOSTON-- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Many recognize the opportunities of the new economy but lack the know-how required to drive change. New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. For more information, visit www.goldengatecap.com. He has been with BayPine Capital, where he is Partner and Co-Founder, since March 2020. Click here. Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. This website uses cookies to improve your experience while you navigate through the website. These cookies will be stored in your browser only with your consent. Jefferies acted as sole financial advisor to Mavis. Leading a team of nine in Toronto and London and driving them to overperformance through encouragement, empowerment, empathy, compassion and leadership. The cookies is used to store the user consent for the cookies in the category "Necessary". our sites and services. You will be notified in advance of any changes in rate or terms. Convene 117 West 46th Street, New York, June 7-8, 2023 Responsible for a diverse infrastructure and renewable . Jenny Gore/David Isaacs BOSTON-- (BUSINESS WIRE)--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the "Fund"), at approximately $2.2 billion, exceeding its $2.0 billion target. Toronto, Canada. Mr. Haas served as President and Chief Commercial Officer of Dell EMC from September 2016 to February 2020 and previously was Chief Commercial Officer and President of Enterprise Solutions for Dell Inc. from BayPine is headquartered in Boston; BayPine has closed its debut private equity fund at about $2.2 billion, beating its $2 billion target. . To view BayPine Capital Partners Fund Is complete investments history, request access, To view BayPine Capital Partners Fund Is complete team members history, request access, Youre viewing 5 of 63 funds. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. $2,200M. We are delighted that you'd like to resume your subscription. The investments we have made to date and their success since are illustrative of our digital alpha strategy, and we look forward to continuing to execute on a robust pipeline of opportunities as the partner of choice to management teams seeking to create value for their stakeholders through the effective application of technology.. BayPine is uniquely focused on driving value through innovation. Fund. Please check your spam or junk folder just in case. The cookie is used to store the user consent for the cookies in the category "Performance". This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses., Mukherjee added, The investments we have made to date and their success since are illustrative of our digital alpha strategy, and we look forward to continuing to execute on a robust pipeline of opportunities as the partner of choice to management teams seeking to create value for their stakeholders through the effective application of technology., Sign up for your FREE daily alts news briefing, 2019-2022, All Rights Reserved | BMV Digital, Start your days in the know with our free newsletter. 2 Partners and customers. Hotel Nikko, San Francisco, September 6-7, 2023 (3 minutes) BayPine LP, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion in an initial closing on its debut fund, putting the fund more than halfway. Public filings of Baypine Capital Partners I raised by Baypine Holdings LP. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Boston-based BayPine itself is committing about $100 million, one of the people said. We work to design and execute a company-wide digital transformation of the business and harness the power of data to inform decisions and pinpoint key opportunities to evolve business processes. $ + tax BayPines team of established investors and seasoned operators aim to drive value in its portfolio companies by developing and implementing a comprehensive digital transformation agenda, enabling businesses to modernize and capture their full growth potential. We recognize that in order to foster true alignment with our partners, we must have the same deep understanding of the market challenges, opportunities and nuances our businesses face. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Amount. Use tab to navigate through the menu items. BOSTON--(BUSINESS WIRE)--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the "Fund"), at approximately $2.2 billion, exceeding its $2.0 billion target.The Fund's capital, together with the invested capital of co . By leveraging BayPines digital transformation and technology expertise, we believe there is a significant opportunity to enhance Mavis customer experience, capture operating efficiencies, and bolster the Companys position as the go-to brand for auto care nationwide. BayPine Partners & Customers. The Fund is approximately one-third invested across three investments, including Penn Foster, a pioneering workforce development and online vocational skills company, Mavis Tire Express Services, a leading aftermarket tire and automotive service provider, and Pinnacle Dermatology, one of the largest dermatology management services organizations in the United States. Sources. (212) 257-4170, For TSG Consumer Partners The principals of Bayline, collectively, have more than four decades of experience in advising private and public companies and entrepreneurs to navigate their strategic direction and the Canadian capital markets.