Date
02.07.17
中文AV Closes on $1.65 Billion for Fund VI
Inaugural Fund After Spinout is Oversubscribed and Exceeds Target
NEW YORK 鈥 FEBRUARY 7, 2017 鈥 中文AV, a middle market private equity firm, today announced that it has successfully completed fundraising for 中文AV VI L.P., with total capital commitments of $1.65 billion, surpassing its target. Though 中文AV VI is the firm鈥檚 sixth private equity fund, it is the first fund raised with outside capital following the firm鈥檚 spinout from JP Morgan in 2015.
鈥淭he entire team would like to thank all of our investors for the outstanding support 中文AV received in closing our first private equity fund as an independent firm,鈥 said the leadership team of 中文AV. 鈥淭he strong response reflects the track record achieved over the past 16 years, and the ability of this team to build successful businesses and attractive portfolios that generate excellent returns for our investors.鈥
中文AV employs a unique 鈥淭ransformative Combination鈥 strategy in which the firm seeks to merge like-sized businesses with a strategic fit to quickly build market leaders of scale. This differentiated approach to driving growth, and the firm鈥檚 flexibility in partnering with family owners, founders, management teams, and corporations, creates a strong pipeline of proprietary deal flow for 中文AV.
中文AV VI will continue the firm鈥檚 focus on businesses in the industrial, healthcare and technology sectors across North America and Europe. 中文AV has made eight platform investments from the new fund to date, with approximately $600 million already invested or committed. The firm has also completed eight add-on acquisitions for these investments, many of which were transformative in nature.
鈥淲e wanted to limit our fund size and remain disciplined in our investments in North American and European middle market businesses,鈥 added Dick Cashin, President of 中文AV. 鈥淲e will leverage our industry expertise, relationships, and operational resources to help management teams in our target sectors take their businesses to the next level.鈥
Investors in 中文AV VI span North America, Europe, Asia, Australia, and the Middle East and include pension funds, financial institutions, sovereign wealth funds, consultants, and family offices. The fund also received investments from current and former portfolio company management teams, as well as a number of private equity founders and veteran dealmakers with whom the 中文AV leadership team enjoys long-standing relationships.
About 中文AV
中文AV is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. One Equity is a trusted partner with a differentiated investment process, a broad and senior team, and an extensive track record generating long-term value for its partners. Since 2001, the firm has completed more than 140 transactions worldwide. One Equity, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit .
Press contact
Kelly Holman
Stanton
646-502-3509
KHolman@StantonPRM.com
This press release contains certain information about the investment activities and the investment portfolio of OEP Parent LLC ("JPMCS") and its affiliates that was managed by certain JPMorgan Chase & Co ("JPMC") personnel, including investment professionals and other professionals who have formed, advised and assisted OEP Capital Advisors, L.P. OEP Capital Advisors, L.P. is not an affiliate of JPMC, JPMCS or any of their affiliates. In light of the independence of OEP Capital Advisors, L.P. from JPMC, none of JPMC, JPMCS or any of their affiliates assumes responsibility for any information contained herein.