[July 06, 2015] |
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Tailwind Capital Closes Fund II with $1.05 Billion of Commitments
Tailwind Capital, a leading middle market private equity firm investing
in growth-oriented companies in healthcare, business and communications
services, announced today the final closing of Tailwind Capital Partners
II, L.P. and associated funds ("Fund II"). Fund II exceeded its $750
million target, raising a total of $1.05 billion of committed capital.
Fund II will pursue the same investment strategy Tailwind has employed
since its inception - partnering with leading entrepreneurs and
management teams in North America to transform businesses through
organic growth initiatives, acquisitions, and operational and strategic
improvements. Tailwind's team of 27 investment professionals and senior
operating executives works collaboratively with portfolio company
management to build sustainable growth businesses.
Fund II received commitments from existing and new investors, including
pension funds, insurance companies, endowments and foundations, family
offices and high net worth individuals.
Larry Sorrel, Managing Partner, said, "We greatly appreciate the loyalty
and continued support of our existing investors and are pleased to
welcome many new limited partners to the firm. We believe the successful
completion of Fund II is an important milestone for Tailwind, validating
our track record, investment strategy and the strength of our team. We
continue to believe that there are attractve opportunities ahead in the
healthcare, business and communications services sectors, and are
squarely focused on delivering superior returns to our investors."
The firm targets equity investments of $25 million to over $100 million
in companies with enterprise values of up to $300 million. Since its
founding in 2003, Tailwind has invested over $1 billion in 27 portfolio
companies and, with those companies, has completed over 65 acquisitions.
Representative investments include: Aircast, a manufacturer of
orthopedic bracing devices; Apex (News - Alert) Companies, an environmental services
and consulting company; Archway, a marketing management and logistics
provider; Cumberland, a healthcare IT consulting firm; Diamondback
Drugs, a veterinary pharmacy; Lieberman Research Worldwide, a provider
of consultative market research, data analytics, and data collection
services; Long's Drugs, a specialized pharmacy services provider;
Nsight, a regional telecommunications business; Oceus Networks, a
communication systems integrator; Optimal, a SAP (News - Alert) consulting, staffing
and implementation firm; ReTrans, a third-party logistics provider;
TowerCo, an owner and developer of wireless communications towers;
Trover Solutions, an insurance subrogation and claims recovery provider;
and Versapharm, a generic pharmaceuticals company.
MVision Private Equity Advisers acted as global fundraising advisor and
Davis Polk & Wardwell LLP acted as legal advisor.
About Tailwind Capital:
Tailwind Capital is a leading private equity firm focused on
growth-oriented investments in the lower end of the middle market in the
healthcare, business and communications services sectors in North
America. Tailwind partners with experienced management teams and
entrepreneurs to transform businesses through organic growth
initiatives, acquisitions, and operational and strategic improvements.
Since its founding in 2003, Tailwind and its portfolio companies have
completed more than 65 acquisitions. The firm currently manages over $2
billion of committed equity capital. For further information, please
visit: www.tailwind.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150706005228/en/
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