Morgenthaler Closes Oversubscribed Fund 2
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Morgenthaler Closes Oversubscribed Fund 2

mpe-partners-nf1Morgenthaler Private Equity (MPE) has held a final closing of its oversubscribed second fund, MPE Partners II, LP, at the hard cap of $250 million.  Fundraising began in April 2016 and MPE did not use a placement agent.

peter-taft-nf1More than 30 investors committed to Fund II and included global asset management firms, insurance companies, family offices, foundations, and high net worth individuals. “We are extremely proud of the quality of our existing and new limited partners and are gratified by their strong support.  In addition, we’re very pleased that all of the institutional investors in Fund I committed to Fund II,” said Peter Taft, a Partner at MPE.

MPE invests in lower middle market companies that are valued from $25 million to $150 million and have EBITDAs in excess of $5 million. Sectors of interest include high-value manufacturing and industrial services.

karen-tuleta-nf1“We continue to find great investment opportunities through our extensive network of relationships who value our experienced team, focused investment strategy, and proven approach to post-closing value creation,” said Karen Tuleta, a Partner at MPE.

mpe-vertical-nf2MPE’s current portfolio includes: B&E Group, a manufacturer of machined components used in aerospace and defense applications and a provider of overhaul and repair services for commercial aviation (acquired in 2015); dlhBOWLES, a designer and manufacturer of engineered plastics products used in fluid flow applications in the automotive, consumer, and industrial markets (2014); Polytek, a manufacturer of specialty chemicals used in industrial and consumer applications (2015); Trachte, a maker of preassembled and modularized buildings used in the power generation, energy, chemical processing, data center, and general industrial end markets (2015); and United Pipe & Steel, a distributor of steel pipe, copper tubing, plastic pipe, and electrical conduit (2013).

MPE has offices in Cleveland and Boston (www.mpepartners.com).

© 2016 Private Equity Professional • 11-11-16

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