One Equity Partners Closes Fund VII with $1.75 Billion of Total Commitments

Largest Fund Raised in Firm’s History

 

 

NEW YORK – OCTOBER 8, 2019 – One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed fundraising for its seventh fund, One Equity Partners VII, L.P. (“Fund VII”), with $1.75 billion in total capital commitments. OEP closed on the target amount for its largest fund raised to date, bringing the firm’s total AUM to $6.5 billion.

“We are grateful for the significant support we received from new and existing limited partners in the U.S. and globally as we raised Fund VII, our second institutional fund since we spun out of JP Morgan in 2015,” said the leadership team of One Equity Partners. “This broad support demonstrates the continued confidence investors have in our ability to consistently source proprietary transactions and acquire quality companies at attractive valuations while using modest leverage.”

Fund VII attracted commitments from a wide range of premier institutional limited partners around the world, including pension funds, financial institutions, family offices, asset managers, fund of funds, insurance companies, foundations, and high net worth individuals.

With Fund VII, OEP will continue its signature “Transformative Combination” strategy in which the firm seeks to merge like-sized middle market businesses that have a highly complementary fit in order to create a steep change in growth and enhance market leadership. Fund VII’s focus is making equity investments of between $30 million and $300 million in growing healthcare, industrial and technology businesses in North America and Europe.

OEP has been actively investing Fund VII, and has made nine platform investments thus far. They include Orion Business Innovation, a fast-growing global technology services firm; Ernest Health, an operator of inpatient rehabilitation and long-term acute care hospitals; MediaKind, a pureplay video software technology company carved out of Ericsson; and Walterscheid Powertrain Group, a European original equipment and aftermarket parts and services provider.

“We look forward to continue unlocking value for our investors, remaining focused on our middle market investment strategy, and building upon our long-term track record in global private equity investing,” said Dick Cashin, President of One Equity Partners.

Since its inception in 2001, OEP has partnered with family business owners, founders, management teams and corporate sellers to invest $8.2 billion across 74 middle market platform companies in the U.S. and abroad. The firm’s flexible approach enables it to make both majority and minority growth investments, as well as to lead corporate carve-out deals where it has had considerable experience. One Equity Partners’ seasoned team of 30 investment professionals is supported by 13 operating professionals across its offices in New York, Chicago and Frankfurt, Germany.

 

About One Equity Partners

One Equity Partners is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.

 

Axius Partners Contact

John Maragiannis

Managing Director

jmaragiannis@axiuspartners.com

 

George Giovas

Managing Directors

ggiovas@axiuspartners.com

Construction Facility Update – Pyrmont

Axius Partners recently assisted a Sydney based property developer obtain residential development finance for a 14 townhouse luxury residential project in Pyrmont. Each townhouse will comprise floor areas of between 325 to 410 sqm with the interior design customised for each buyer.
Whilst current real estate credit conditions remain challenging for property developers, Axius Partners was able to secure senior debt finance for the sponsor and assist in the structuring of the transaction, on favourable terms, to accommodate the requirements of the sponsor and debt provider.
On this basis the transaction was structured with <100% pre-sale debt cover to enable the developer to market the remaining unsold townhouses and maximise the project return.
Axius Partners welcomes the opportunity to help secure funding for property transactions (both development and investment).
 
Please contact either:
Adam Cotterell +61 401 719 720 acotterell@axiuspartners.com
William Giovas +61 431 058 181 wgiovas@axiuspartners.com
 

Selector High Conviction Equity Fund Quarterly Newsletter June 2019

Construction Facility Update

Axius Partners recently assisted a Sydney based property developer refinance a construction facility for a nearly complete project located at Liverpool, in South West Sydney. The project comprises 298 apartments and 994sqm of retail space constructed in 2 towers, over a common podium containing a carpark for 447 cars.
Whilst current real estate credit conditions remain challenging for property developers, Axius Partners was able to secure senior debt finance for the sponsor and assist in a reduction in the cost of funding, on favourable terms, to facilitate completion of the project and the sell-down of the pre-sold apartment stock. The facility also allows for a medium term residual stock facility to monetise the remaining unsold stock and enable the developer to market same in an orderly fashion to maximise the project return.
Axius Partners welcomes the opportunity to help secure funding for property transactions (both development and investment). Please contact William Giovas on 0431 058 181 / wgiovas@axiuspartners.com