Transom Capital Group has held a final closing of Transom Capital Fund II, LP with $133 million of limited partner commitments. The new fund was oversubscribed and closed above target.
Fund II will employ the same investment philosophy and operationally-focused strategy used in Fund I. Transom invests in buyouts and turnarounds of companies with EBITDAs from $0 (turnaround situations) to $20 million. Sectors of interest include consumer products, media & entertainment, and industrial.
“The closing of Fund II is a significant accomplishment for Transom Capital and adds continued proof that our differentiated, down-to-earth, hands-on strategy of private equity investing is a successful platform for both our investors and our portfolio companies,” said Russ Roenick, Managing Partner and Co-Founder of Transom.
The closing of Fund II follows an active year at Transom. The firm added two senior members to the team with the hiring of Ty Schultz, Managing Partner, and James Oh, Principal, and completed four acquisitions: Critigen, a provider of geospatial IT integration services, was acquired in May 2015 (www.critigen.com); Bravo Sports, a provider of branded, recreational consumer products, was acquired in June 2015 (www.bravosportscorp.com); Pro-Tec, a provider of helmets used in action sports, was acquired as an add-on acquisition to Bravo Sports in December 2015 (www.protechelmet.com); and HeathCo, a manufacture of door chimes, motion activated lighting, and lighting controls, was acquired in January 2016 (www.heath-zenith.com).
“We are thankful and appreciative to our limited partners for their confidence and support, and we look forward to working with them for many years to come,” said Ken Firtel, Managing Partner and Co-Founder of Transom.
Transom is headquartered in Los Angeles with an additional office in Seattle (www.transomcapital.com).
Legal counsel to Fund II was provided by Don Melamed of O’Melveny & Myers (www.omm.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 6-7-16
