Bregal Closes at $650 Million

Bregal Partners has closed its second fund, Bregal Partners II LP, with $650 million of capital commitments. With the closing of the new fund, Bregal Partners now has a total of $1.25 billion in committed capital under management.

“Our team is proud and appreciative of the support we’ve received from our limited partners,” said Scott Perekslis, co-founder and managing partner of Bregal Partners.  “We sincerely value these relationships and the confidence our investors have shown in our team and investment strategy.”

Bregal Partners invests from $20 million to $150 million of equity in companies operating in the consumer products, restaurants, multi-unit healthcare services, food & beverage, and business services sectors. Target investments typically have from $5 million to $75 million of EBITDA.

Bregal currently has ten portfolio companies including Ju-Ju-Be International, a provider of juvenile products including diaper bags and backpacks (acquired in 2018); TDBBS, a provider of branded pet chews and other treats (acquired in 2018); Total Vision, an operator of independent optometry practices; American Seafoods, one of the largest seafood companies in the US in terms of revenue and volume (acquired in 2015); Blue Harvest Fisheries, a harvester, processer and distributor of seafood products (acquired in 2015); United Sports Brands, a provider of branded protective and performance sports equipment (acquired in 2014); Arcus Hunting, a provider of branded bowhunting and archery equipment (acquired in 2014); Aqua Terra Water Management, an operator of salt water disposal facilities (acquired in 2013); CauseForce, a producer of athletic fundraising events including two-day bike rides and walks, 10 kilometer runs, and obstacle course challenges (acquired in 2013); and Embassy Management, a multi-state provider of community-based residential and behavioral services to adults and children (acquired in 2013).

“We are long-term partners to entrepreneurs, founders, and management teams, working with them to build and scale their businesses.  Fund II is off to a great start having already invested in three founder-owned platforms in the consumer, food and retail industries,” said Charles Yoon, a managing partner at Bregal Partners.

New York-based Bregal Partners (www.bregalpartners.com) was founded in 2012 and is part of Bregal Investments (www.bregal.com), a family of private equity and fund investment vehicles that has invested more than $12.5 billion since 2002.

© 2019 Private Equity Professional | April 11, 2019

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