Baird Beats Target on Newest Fund
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Baird Beats Target on Newest Fund

Baird Capital – the direct investment arm of Robert W. Baird & Co. – has held a final close of Baird Capital Global Fund I DE, LP with $310 million in committed capital, exceeding the original target of $300 million.

The new fund invests in lower middle-market companies in the technology and services, healthcare, and industrial services sectors in the US, UK and Asia. Baird has already made two investments from the fund: In September 2016, Baird acquired R2i, a marketing agency focused on integrating marketing cloud technology with brand expression and demand generation for mid-market and enterprise level brands. R2i has offices in San Francisco, Seattle, New York and Baltimore (www.r2integrated.com); and in June 2017, Baird acquired CAV Ice Protection, a provider of ice protection and drag reduction technology sold to the aviation, commercial aerospace and defense markets. CAV is headquartered north of Leeds in Consett, UK (www.caviceprotection.com).

“In today’s highly competitive M&A environment, we believe that our global resources and ability to take a portfolio company global is a significant advantage,” said Gordon Pan, President of Baird Capital. “Our approach allows us to capitalize on the opportunities that exist across different geographies, while having a global team that reviews potential investments through a shared lens.”

“Our team of talented professionals operates as one global platform – sharing investment ideas, supporting our portfolio and collaborating to drive portfolio value – to help our portfolio companies compete in today’s international marketplace,” said Paul Purcell, Chairman of Baird Capital and Chairman of Baird. “We don’t know of any other firm that is investing in lower middle market companies from a global fund. This is a very innovative approach that positions us well to maximize the value of our extensive capabilities.”

Baird Capital invests in lower middle market companies in the manufactured products, healthcare and business services sectors. The firm invests from $15 million to $35 million in companies with enterprise values of $25 million to $125 million and EBITDAs greater than $5 million. Baird Capital was founded in 1989 and is based in Chicago with additional offices in Milwaukee, London and Shanghai (www.bairdcapital.com).

© 2017 Private Equity Professional | June 29, 2017

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