Arbor Investments has closed its fourth equity fund, Arbor Investments IV, LP, with$765 million of capital and its first subordinated debt fund, Arbor Debt Opportunities Fund I, LP (DOF I), with $125 million of capital. Fundraising was completed in just 90 days and both funds were significantly oversubscribed.
“Our investment philosophy and operating orientation continues to produce strong deal flow and investment returns,” said Arbor’s President, Joseph Campolo. “Fund IV and DOF I will allow us to continue to target companies that are at an inflection point in their development or are undergoing a significant ownership or management transition and that will benefit from Arbor’s considerable expertise in the food and beverage industry.”
Arbor invests in the food, beverage and related industries. Typical targets will have annual revenues of up to $300 million and EBITDA from $5 million to $50 million. Since founding in 1999 the firm has acquired or invested in over 44 companies that were active in the frozen foods, baked goods, dairy, protein, foodservice equipment, bottling, ingredients, packaging, and distribution segments. Arbor is based in Chicago (www.arborpic.com).
“We are extremely gratified by the level of support we received from our existing investors and the overwhelming level of interest from new investors, which allowed us to complete our fundraising within 90 days,” said Gregory Purcell, Arbor’s Chief Executive Officer. “We believe that the attractive dynamics in the food and beverage sector contribute to an excellent investment environment and we look forward to investing Fund IV and DOF I and continuing to deliver exceptional returns for our limited partners.”
Shannon Advisors (Lake Forest, IL) was the placement agent for both of the new funds and DLA Piper (www.dlapiper.com) provided legal services.
© 2016 Private Equity Professional • 7-15-16
