The new fund will invest as the lead investor or as a co-investor with other private equity groups, in control transactions of US-based privately-held lower middle market companies.
“We have built a successful track record as patient, long-term investors committed to working closely with management teams to grow their companies while creating optimal investment outcomes for all parties,” said David Townsend, Managing Partner of BB&T Capital Partners. “This new fund allows us to continue this strategy of partnership and alignment of interests with the common goal of long-term value creation.”
BB&T Capital Partners invests from $5 million to $15 million in buyout, acquisition, growth and recapitalization transactions as a control investor on a standalone basis, or as a co-investor with other financial sponsors. Sectors of interest include business, government, healthcare and industrial services; niche manufacturing; value-added distribution; and education. BB&T Capital Partners is an investment arm of BB&T Corporation and was founded in 1998. The firm is based in Winston-Salem, NC (www.bbtcp.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 1-28-14