Graham Partners has held a final, oversubscribed, and hard cap closing of its fifth fund, Graham Partners V LP, with $937 million of capital commitments.
Graham’s new fund, like earlier funds, will invest in technology-driven manufacturing-related companies in the food, medical, building products, transportation, and packaging sectors that have EBITDA between $5 million and $50 million.
“To reach our cap in the course of these unprecedented times is a testament to our team’s hard work, track record, and differentiated value creation strategy,” said founder and CEO Steven Graham. “This is an opportune time for us to be investing in privately held, leading innovators serving attractive, growing end markets. We are excited about deploying Graham V’s capital and advancing its portfolio companies through enhanced customer-focused business models, new product development, and operational excellence.”
Since the firm’s founding in 1988 by Mr. Graham, the firm has closed over 130 acquisitions, joint ventures, financings, and divestitures. Earlier this month, Graham acquired Teamvantage, an outsourced manufacturer specializing in cleanroom injection molding, precision machining, and assembly services to the medical device industry. Teamvantage is headquartered near Minneapolis in Forest Lake, Minnesota.
“We are grateful for the tremendous support from our existing investors. Through Graham V we now also have the opportunity to build meaningful relationships with new investors,” said Christina Morin, a managing principal at Graham. “Innovation, growth, and resiliency are core elements of our culture. We are excited to capitalize on this momentum and continue to create value for our portfolio companies and investors for years to come.”
Philadelphia-based Graham Partners is a member of The Graham Group, an industrial and investment concern with interests in plastics, packaging, machinery, building products, and outsourced manufacturing.
Latham & Watkins provided legal services to Graham on this fundraise and UBS Securities was its financial advisor.
© 2020 Private Equity Professional | November 6, 2020