Rippowam Partners has been launched by Peter Weinbach and Graham Anderson to pursue investments in the healthy living and wellness sectors.
Rippowam targets companies that have annual revenues between $10 million and $100 million and EBITDAs from $2 million to $10 million. Specific areas of interest include food and beverage; health and beauty; active life styles (gyms, yoga studios, and other recreational activities); restaurants; and medical spas. Rippowam makes control and non-control investments, and through the partner’s personal capital and the firm’s network of family offices will invest from $5 million to $30 million in equity per transaction.
According to Mr. Weinbach, Rippowam will be active in investing in consolidations, growth capital financings, buyouts, recapitalizations and PIPEs. The firm has yet to close on its first investment but it is actively pursuing a number of opportunities that fit Rippowam’s investment criteria.
Messrs. Weinbach and Anderson – each with more than twenty years of private equity experience – began their careers as Associates and rose to become General Partners in various firms throughout their careers. The two founders have collectively sat on over a dozen boards of directors and invested through different market cycles.
Mr. Weinbach was previously a Managing Director at AIG Horizon Partners, a $340 million private equity fund, and a Vice President at Apax Partners. Mr. Anderson was previously General Partner of Euclid SR Partners, a $250 million venture fund based in New York, and earlier was an Associate at law firm Susman Godfrey.
Mr. Weinbach is based in Rippowam’s Los Angeles office and Mr. Anderson is based in the firm’s New York office (www.rippowampartners.com).
2015 PEPD • Private Equity’s Leading News Magazine • 5-27-15
