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. Julie Rudnick/Kevin Siegel For more information, visit tsgconsumer.com. 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. The Fund's capital, together with the invested capital of co-investors participating directly and indirectly alongside the Fund, totals approximately $3.0 billion in the aggregate. 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. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Sign In. By continuing to use this site you are consenting to these choices. $2,200M. Many recognize the opportunities of the new economy but lack the know-how required to drive change. Digital transformation specialist BayPine closed its inaugural private equity fund at approximately $2.2 billion, bringing the firms assets under management to $3 billion in aggregate due to co-investment capital. 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. BayPine has made 1 investments. The cookie is used to store the user consent for the cookies in the category "Other. Previously, he was an Associate in the Infrastructure Group at Blackstone, where he focused on buyout transactions and minority investments in the transportation and telecommunications sectors. BayPine is a private investment firm based in Boston, MA. Zillow has 2386 homes for sale. Mavis is a clear leader in attractive markets across the country with a proven track record of driving consistent growth through economic cycles, said Anjan Mukherjee, Managing Partner at BayPine. Golden Gate Capital, Mavis current lead financial partner, will retain a minority interest in the Company. `` As we have seen over the last decade , businesses that focus on digital transformation generate unprecedented value -- and SAP is excited BayPine LP has selected us as its partner in its quest to drive value in its portfolio , '' said SAP North America President DJ Paoni . The fund is based in Boston, Massachusetts. The firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. Hotel Nikko, San Francisco, September 6-7, 2023 McDermott Will & Emery represented Pinnacle Dermatology Management in the transaction. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. He has been with BayPine Capital, where he is Partner and Co-Founder, since March 2020. BayPine Partners & Customers. here to register, Not for publication, email or dissemination, Kian Capital drives to the finish line with a $400m close for its third fund, In year of uncertainty, CalSTRS considers boosting PE target, American Industrial Partners sets $5bn target for latest flagship, STRS Ohio selects Callan as its new alternative investments consultant, Emerging managers well positioned for exits in next few years, The challenge of VC access and the SVB fund of funds sale, TAs Select Opportunities fundraising pause and what it means for PE. We empower strong companies to unlock the power of digital, using technology to optimize business processes in order to meet the demands of todays market. 2. Sources. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Where the organization is headquartered (e.g. Representative past and present partner companies include Backcountry, BrewDog, Canyon Bicycles, Duckhorn Wine Company, Dutch Bros, e.l.f. Public filings of Baypine Capital Partners I raised by Baypine Holdings LP. 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. 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. 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 transformation and sustainable growth in market-leading businesses across core sectors of the economy. We use cookies on our website to provide necessary functions. Emerging managers monitor: Tracking new fund formation. A link has been emailed to you - check your inbox. For more information about BayPine, please visit www.baypine.com. 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. Direct links to the EDGAR source material. Gasthalter & Co. $2,200M. 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. Please check your spam or junk folder just in case. 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. pschulte@mavistire.com, For BayPine Toronto, Canada. Click Gasthalter & Co. . Most recently, he was the Chief Financial Officer of Declaration Partners, a nd prior to that, he was a Partner and Managing Director at Pine Brook Partners, a New York-based growth equity firm where he oversaw the firm's finance, operations and compliance functions. GoldenGate-SVC@sardverb.com, Internet Explorer presents a security risk. All rights reserved. 2023 PitchBook. BayPine Capital Partners Fund I is roughly one-third invested across three investments: 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. May 23-24, 2023 BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Digital is in our DNA. Mr. Haas has been a director since January 2018. Josh Cohen, a Managing Director at Golden Gate Capital, said, We are grateful for our successful partnership with David and Stephen Sorbaro and the dedication of the entire Mavis Express organization. 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. For more information, visit www.mavistire.com. By clicking Accept, you consent to the use of all strictly necessary cookies. Responsible for a diverse infrastructure and renewable . We seek to decouple success from speed. New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. You may change your billing preferences at any time in the Customer Center or call The cookie is used to store the user consent for the cookies in the category "Analytics". It does not store any personal data. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. Jefferies acted as sole financial advisor to Mavis. We are delighted that you'd like to resume your subscription. Founded in 2019, BayPine was launched by former Co-CEO and Chairman of Silver Lake David Roux 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. Our team of accomplished investors and senior operating executives is built to enable these businesses to achieve their full potential by helping to effect a digital transformation. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Upon closing, David and Stephen Sorbaro will continue to serve as Co-Chief Executive Officers of the Company, supported by a deep and talented management team comprised of leaders from Mavis, Express Oil, Brakes Plus and Town Fair Tire, all adding significant industry operating expertise. Fund. BayPine has 2 team members, including current Founding Partner, Brian Frank. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. By navigating these intricacies on behalf of our clients, we allow management teams to focus their efforts on their operations, building their businesses and exploring new corporate opportunities while allowing Bayline to bring its core competencies to their team including. BOSTON, September 08, 2022 -- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the. Businesses across traditional sectors of the economy are at an inflection point. For more information, visit www.goldengatecap.com. You also have the option to opt-out of these cookies. 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 invest more than capital. Together with our clients, We build great companies. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. CBI websites generally use certain cookies to enable better interactions with. Pat Schulte 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. BayPine Capital Partners Fund I is a buyout fund managed by BayPine. Learn more. Copyright 2023 CB Information Services, Inc. All rights reserved. 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. You will be notified in advance of any changes in rate or terms. 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. 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. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Partner & Chief Financial Officer at BayPine Capital . We also use third-party cookies that help us analyze and understand how you use this website. Customer Service. L-R: David Roux and Anjan Mukherjee at BayPine (provided). You can read more about your. 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. Notable multi-unit consumer investments sponsored by Golden Gate Capital include The Learning Experience, Invo Holdings and Tidal Wave Auto Spa. CBI websites generally use certain cookies to enable better interactions with our sites and services. But opting out of some of these cookies may affect your browsing experience. Don't have an account? Cosmetics, IT Cosmetics, Planet Fitness, popchips, Power Stop, REVOLVE, Smashbox Cosmetics, Stumptown, thinkThin and vitaminwater. We feel privileged for the opportunity to be part of the Mavis story and are excited to support the Companys continued success as a minority shareholder.. 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. (212) 257-4170, For TSG Consumer Partners Already a subscriber? 9/8/2022. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. Sard Verbinnen & Co 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 Companys repair and maintenance products and services include tires, brakes, alignments, suspension, shocks, struts, oil changes, battery replacement and exhaust work, among other offerings. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. site you are consenting to these choices. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. This website uses cookies to improve your experience while you navigate through the website. 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. 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 . Not the case? Capital Markets Advisory | Bayline Capital Partners | Toronto A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. BayPine recently partnered with SAP on March 3, 2021. Senior Director - Head of Asset Management North America. (212) 257-4170, Internet Explorer presents a security risk. This cookie is set by GDPR Cookie Consent plugin. For more information about BayPine, please visit www.baypine.com. BayPine acquired 2 companies. 2 Partners and customers. 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. Amount. Closing Date. $ + tax To ensure the most secure and best overall experience on our website, we recommend the latest versions of. BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. Fund Type. These cookies will be stored in your browser only with your consent. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and . For more information about BayPine, please visit www.baypine.com. Okt. Kohl's promo code: 30% Off for Kohl's Rewards Members, Walmart+ Giveaway: Free 1-year membership for moms ($98 value), Epsteins Private Calendar Reveals Prominent Names, Including CIA Chief, Goldmans Top Lawyer, The Building Boom Is Prolonging Market Pain, We Hope Your iPhone Never Gets Stolen. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. 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 transformation and sustainable growth in market-leading businesses across traditional sectors of the economy. TSG Consumer Partners LP is a leading private equity firm that partners with founders and management teams to build and accelerate growth for best-in-class consumer-facing businesses. Jonathan Gasthalter/Nathaniel Garnick 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. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. BayPine LP Selects SAP as Innovation Partner. While third party service providers (i.e. Media: The Fund's capital, together with the invested capital of co-investors participating directly and indirectly alongside the Fund, totals approximately $3.0 billion in the aggregate. TSG-SVC@sardverb.com, For Golden Gate Capital Partner and Chief Financial Officer at BayPine New York, New York, United States 687 followers 500+ connections Join to view profile BayPine New York University Activity I am excited to share.