FdG Associates Closes Second Institutional Private Equity Fund With $310 Million.
NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- FdG Associates, a leading middle-market private equity firm, today announced the successful closing of FdG Capital Partners II LP, the firm's second institutional fund, with over $310 million in commitments, exceeding the $300 million target established for the fund.
Investors in FdG Capital Partners II include JP Morgan Asset Management, School Employees Retirement System of Ohio and Mass Mutual Life Insurance Company and affiliates in addition to other private and public pension funds, funds of funds, insurance companies, family offices, and high net worth individuals, with investors from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Asia. The new fund has 23 investors in total, including significant commitments from the two founding families and investors in FdG's first institutional fund, FdG Capital Partners LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control .
FdG Capital Partners II will make equity investments of $15 to $50 million in transactions including recapitalizations, management buyouts Management buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
See going private. and growth equity investments. The firm will invest in a variety of industries, including business and consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, , distribution, light manufacturing, retail and consumer products.
"We're excited to announce the closing of FdG Capital Partners II, our third pool of capital overall and the second institutional fund we've raised since our inception as a family-sponsored firm in 1995," said David S. Gellman, a managing director at FdG. "We appreciate the renewed support we have received from the investors in our first fund, as well as the trust put in us by our new limited partners who have helped broaden our investor base. We look forward to investing this new fund in compelling opportunities in our target segment at the lower end of the middle market, where we have established strong relationships and a reputation for partnering with successful entrepreneurs and business owners."
The fund has already made three investments. The first two were the recapitalizations of River Ranch Fresh Foods, LLC, a fresh produce processor and leader in the value-added, packaged fresh produce market in the United States, and Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. Windows Ltd., a manufacturer and distributor of custom vinyl windows and patio patio
In Spanish and Latin American architecture, a courtyard open to the sky within a building. A Spanish development of the Roman atrium, it is comparable to the Italian cortile but provides more seclusion, possibly due to Moorish custom. The patio of the contemporary U.S. doors. In its most recent transaction, in partnership with management, the fund acquired The Hercules Tire & Rubber Company, a leading marketer and distributor of private label and branded tires.
"FdG does more than invest in a business: we focus exclusively on transactions in which we can partner with management to continue to expand their businesses," said Mark S. Hauser, a managing director at FdG. "We will continue to focus on finding companies that have strong leadership, best of breed business models and significant growth potential that we can work with management to realize."
Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. acted as the fund's placement agent and Kirkland & Ellis LLP LLP - Lower Layer Protocol served as legal advisor.
About FdG Associates
FdG Associates is a private investment firm providing equity capital to North American-based middle-market growth companies with sound businesses and unrealized potential. By building a partnership with management and offering creative problem solving Creative problem solving is the mental process of creating a solution to a problem. It is a special form of problem solving in which the solution is independently created rather than learned with assistance. Creative problem solving requires more than just knowledge and thinking. and strategic, long-term planning focused around key corporate initiatives, FdG empowers companies to achieve their full growth potential and increase their equity value.
FdG will typically commit from $15 million to $50 million in equity to sponsor recapitalizations, management buyouts and growth-oriented capital investments in private and public companies. The deep and diverse experience of the firm's executive team enables FdG to pursue opportunities in the business and consumer services, distribution, light manufacturing, retail and consumer products sectors.
FdG is headquartered in New York, NY. For additional information, please visit www.fdgassociates.com