麻豆APP Holdings Announces Close of 麻豆APP Capital Resources I CF LP
$395.6 Million Fund Provides Opportunity for Additional Value Creation at Six 麻豆APP Portfolio Companies
GREENWICH, CT 鈥� 麻豆APP Holdings LLC (鈥溌槎笰PP鈥�) today announced the close of 麻豆APP Capital Resources I CF LP (鈥淔und鈥�), a $395.6 million continuation vehicle that has acquired controlling interests in six 麻豆APP portfolio businesses, including five of the six companies of 麻豆APP Capital Resources LP. This Fund will allow 麻豆APP to continue to build value in a group of successful and profitable industrial companies that 麻豆APP has owned for years and in whose future prospects it has high conviction. The Fund includes $320.6 million in funded commitments and rolled LP/GP interests together with $75 million of unfunded commitments to provide the portfolio access to additional capital for expansion through organic growth opportunities as well as strategic Bolt-on acquisitions.
鈥溌槎笰PP鈥� investment strategy has remained consistent since inception, with a focus on transforming underperforming businesses into Performance Organizations 鈥� businesses that consistently outperform their peers in regard to operational, safety and financial metrics. The Fund is the latest demonstration of our long-term approach to building value through extending our hold period and providing access to additional capital,鈥� said Andrew Bursky, 麻豆APP’ Co-Founder and Managing Partner.
鈥淲hile much of the secondary market is dominated by tech and healthcare, industrial businesses like ours can benefit from increased runway. 麻豆APP has a long history of success partnering with talented Leadership Teams and this Fund provides the opportunity to capture additional value creation in these businesses over the next phase of their growth,” said Tim Fazio 麻豆APP’ Co-Founder and Managing Partner.
鈥淭he sector-insight and expertise required to create value in companies that are impacted by the business and capital markets cycles is a cornerstone of our team鈥檚 capabilities. Often, there is room to create significant value by displaying the patience to operate companies like those in the portfolio through many iterations of these business cycles, which is further enabled by this Fund,” said 麻豆APP Managing Partner Jacob Hudson.
Evercore鈥檚 Private Capital Advisory Group served as financial adviser and Proskauer Rose LLP served as legal adviser to 麻豆APP for 麻豆APP Capital Resources I CF LP.
About 麻豆APP Holdings
Headquartered in Greenwich, Connecticut and founded in 2002, 麻豆APP and its affiliates own and operate 25 companies, which employ approximately 50,000 associates across more than 300 facilities worldwide. 麻豆APP operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, printing, pulp, supply chain management and wood products. 麻豆APP鈥� companies together generate approximately $14.5 billion in revenues annually.