Oxygen Fund Closed by O2
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Oxygen Fund Closed by O2

O2 Investment Partners has held a final closing of its Oxygen Fund with an above-target $100 million of capital commitments.

The Oxygen Fund has already made control investments in two platform companies. In November 2016, in partnership with private equity firm Oakland Standard, O2 formed Birmingham, MI-based Clio Holdings to serve as a consolidator of local and regional countertop supply and fabrication businesses. To date, Clio has closed on six acquisitions (www.clioholdings.com); and earlier this month, O2 acquired MHC Software, a provider of document management and electronic transaction processing software that is headquartered near Minneapolis in Burnsville, MN (www.mhcsoftwareinc.com).

O2 Investment Partners is backed by the Orley family which has been investing in operating businesses and real estate since 1950. “After deploying over $80 million of equity through an informal structure led by our anchor family office partners, converting to a committed fund structure through the Oxygen Fund is the next logical step in our evolution,” said Todd Fink, Managing Partner of O2. “The Oxygen Fund will enhance our ability to quickly execute transactions and attract and retain outstanding talent. With a similar and expanded investor base, this fund preserves our “family office” culture and positions O2 Investment Partners for continued success in the lower middle market.”

O2 Investment Partners makes control investments of $5 million to $75 million in companies with EBITDAs from $2 million to $10 million located anywhere in the US and Canada but has a preference for the Midwest and the Great Lakes regions. Sectors of interest include niche manufacturing, niche distribution, select service businesses, and certain technology businesses. O2 Investment Partners is based in the Detroit suburb of Bloomfield Hills (www.o2investment.com).

© 2017 Private Equity Professional | October 16, 2017

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