Mavis has established itself as a leading national automotive services platform with a longstanding reputation for providing customers with exceptional service, said Bill Cooling, Managing Director at TSG. We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. Together, we will endeavor to establish a true digital presence for the business and further Mavis reputation for offering high-quality, low-cost services to its deeply loyal customer base, said Tom ORourke, Managing Director at BayPine. David Lau, CFA - Senior Director Asset Management - DIF Capital To ensure the most secure and best overall experience on our website, we recommend the latest versions of. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. Investor Group Led By BayPine, In Partnership With TSG Consumer 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com Representative past and present partner companies include Backcountry, BrewDog, Canyon Bicycles, Duckhorn Wine Company, Dutch Bros, e.l.f. Marius Haas - Founding Partner @ BayPine - Crunchbase Person Profile Use tab to navigate through the menu items. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. Necessary cookies are absolutely essential for the website to function properly. Founded in 1972 by the Sorbaro family, and with roots dating back to 1949, Mavis is a leading independent tire dealer and automotive aftermarket service provider with more than 1,100 service centers primarily in the Northeast, Midwest and Southern United States. Sard Verbinnen & Co 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. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. This cookie is set by GDPR Cookie Consent plugin. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. Okt. Im Profil von Vincent Krmer sind 5 Jobs angegeben. We are delighted that you'd like to resume your subscription. The cookie is used to store the user consent for the cookies in the category "Analytics". Gasthalter & Co. Julie Rudnick/Kevin Siegel Edit Lists Featuring This Company Section, BayPine raises billions for focus on digital transformation, BayPine closes inaugural PE fund on $2.2bn, United States Investors with Funds Raised in 2022, Private Equity Stage Investors with Investments in Northeastern US, Investors Active in United States (Top 10K). The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. 2023 PitchBook. BayPine aims to pioneer a new category of private equity - digital transformation capital - to drive innovation and sustainable growth in core-economy, market-leading businesses. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. We seek to decouple success from speed. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Digital is in our DNA. We use cookies on our website to provide necessary functions. 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.. Certain statements herein about BayPine made by David Sorbaro (Mr. The Funds investor base is comprised of leading global institutions, including public and private pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices and high net worth individuals. investment banks, accountants, lawyers) play a crucial role in a companys advancement, Bayline uniquely positions itself side-by-side with management and as such, is dedicated to the long term success of its clients only above any one transaction or any potentially competing interests. 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. Status. Rob Jackowitz - Partner and Chief Financial Officer - BayPine | LinkedIn 2. Businesses across traditional sectors of the economy are at an inflection point. With this strong foundation in place, we are confident BayPine and TSG will be excellent partners for the Companys next phase of growth. Click Hotel Nikko, San Francisco, September 6-7, 2023 BOSTON, September 08, 2022 -- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the. Since its founding in 1987, TSG has been an active investor in the automotive, food, beverage, restaurant, fitness, beauty, personal care, household, apparel & accessories, and e-commerce sectors. Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. BayPine is uniquely focused on driving value through innovation. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Everberg Capital provides preferred equity to support BayPine and Two The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Golden Gate Capital, Mavis current lead financial partner, will retain a minority interest in the Company. Submitters are 7x more likely to receive a qualified connection. 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 $2,200M. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 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. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. The founders look to make good businesses great by combining the best of traditional private equity with a digital overlay and patient capital approach, so portfolio companies can thrive in a new era and beyond. All rights reserved. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. The Funds investor base is comprised of leading global institutions, including public and private pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices and high net worth individuals. Vincent Krmer - IE Business School - Frankfurt/Rhein-Main | LinkedIn 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 . Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. You also have the option to opt-out of these cookies. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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. 2 Partners and customers. A verification email is on its way to you. TSG-SVC@sardverb.com, For Golden Gate Capital For more information, visit www.goldengatecap.com. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. Boston-based private equity firm BayPine LP has raised at least $1.1 billion for an initial closing on its first-ever fund, according to a person familiar with the firm's operations, with an. Customer Service. By continuing to use this site you are consenting to these choices. Contact | One Equity Partners We also use third-party cookies that help us analyze and understand how you use this website. Already a subscriber? site you are consenting to these choices. We have known and respected David and Stephen for many years and we look forward to maintaining the ideals and foundation on which this iconic family business was built. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Zillow has 2386 homes for sale. Copyright 2023 CB Information Services, Inc. All rights reserved. GoldenGate-SVC@sardverb.com, Internet Explorer presents a security risk. Their latest acquisition was Pinnacle Dermatology on October 29, 2021. BayPine - BayPine You should only be asked to sign in once. Direct links to the EDGAR source material. BayPine | LinkedIn Register now to read this article and more for free. 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. BayPine Exceeds Target for Inaugural Private Equity Fund and Raises 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. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies and communities in which they operate by driving innovation, digital. BayPine Partners & Customers. 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. Active, Closed, This describes the type of investor this organization is (e.g. New buyout firm BayPine close to $6 bln Mavis Tire acquisition-sources View contacts for BayPine to access new leads and connect with decision-makers. New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. We will continue to work hard every day to earn the trust of our valued customers and enhance our product and service offerings to meet their evolving needs. 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. Its top principals are managing partner David Roux, a founder and former co-CEO and chairman of. BayPine is uniquely focused on driving value through innovation. DIF Capital Partners. 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 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. Covington & Burling LLP and Ropes & Gray LLP each served as legal advisor to Mavis, and to the Sorbaro family and Golden Gate Capital, respectively. BayPine Portfolio Investments, BayPine Funds, BayPine Exits View all fund histories. Pinnacle Dermatologys Acquisition of Tru-Skin Dermatology, Parallel Advisors Partners with Golden Gate Capital on Recapitalization Strategic Investment by Golden Gate Capital Will Accelerate Organic Growth and M&A Strategy, Including Acquisition of AUTUS Asset Management Acquisition of AUTUS Creates Leading RIA Firm With Approximately $5.7 Billion in Assets Under Management, Nassau Financial Group Closes Strategic Transaction and Capital Raise Nassau increases its capital by $300 million and AUM by $3.6 billion Angel Island Capital merges into Nassaus Asset Management segment Expands Nassaus asset management capabilities and accelerates Angel Islands growth strategy, LiveVox Names John DiLullo Chief Executive Officer Louis Summe to Transition to Vice Chairman on LiveVox Board Provides Preliminary Third Quarter 2022 Financial Results and Updated Full Year 2022 Guidance, BayPine raises billions for focus on digital transformation. 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.. Sard Verbinnen & Co (212) 257-4170, For TSG Consumer Partners Sorbaro), the Co-CEO of Mavis, a portfolio company of a fund managed by BayPine, are intended to illustrate his business relationship with BayPine, including with respect to BayPines facilities as a business partner, rather than BayPines capabilities or expertise with respect to investment advisory services. The Boston-based firms strategy centers on durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses.
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