Atlas Holdings said Monday that it has raised $900 million in the first and final close of its second private equity fund. The pool’s initial target was $650 million. Capstone Partners acted as the exclusive placement agent for Atlas’ second fund. Based in Greenwich, Conn., Atlas Holdings is a private equity firm specializing in bankruptcy purchases, restructuring and turnarounds.
GREENWICH, Conn. (December 16, 2013) – Atlas Holdings LLC (“Atlas”) today announced the first and final close of its second private equity investment fund, Atlas Capital Resources II LP (“Fund II”). Atlas began fundraising in September with an initial target of $650 million and closed at its hard cap of $900 million.
Atlas focuses on control investments in companies experiencing financial or operational stress, benefiting from Atlas’ ability to execute complex financial transactions, resolve enterprise challenges and systematically deliver exceptional operational and financial performance. Atlas has been an active acquirer of businesses through bankruptcy purchases, out-of-court restructurings and reorganizations as well as underperforming or discontinued operations from corporate sellers. Atlas will continue to pursue these strategies, with a particular focus on industrial sectors in which Atlas has substantial operating experience.
“We are gratified by the tremendous demand for Fund II from our existing investors as well as a number of new partners” stated Andrew Bursky, Atlas’ Co-Founder and Managing Partner. “The firm’s proven investment strategy, team and historical track record attracted a diverse group of exceptionally high quality investors in a short amount of time.”
Capstone Partners served as exclusive placement agent for Fund II and Proskauer Rose LLP provided legal counsel.
About Atlas Holdings LLC
Atlas Holdings LLC is a private equity firm and industrial holding company headquartered in Greenwich, Connecticut. Atlas focuses its acquisitions on businesses in which complex problems or stress mask the intrinsic value of the enterprise. Atlas companies employ more than 10,000 people at more than ninety facilities worldwide. Atlas operates in a number of industrial sectors, including building materials, energy, capital equipment, steel mill services, wood products, pulp and paper, and packaging. Atlas’ portfolio companies combined generate in excess of $3 billion dollars in revenues annually. As of the closing of Fund II, Atlas manages more than $1.3 billion of capital. Over the last twenty five years, the principals of Atlas in partnership with capable management teams have built more than 40 companies in a variety of industries. For additional information, please visit www.atlasholdingsllc.com.