Atlas Holdings LLC has closed its third private equity fund at a hard cap of $1.675 billion. Capstone Partners was placement agent while Proskauer Rose LLP provided legal counsel.
GREENWICH, CT – Atlas Holdings LLC (“Atlas”) today announced the first and final close of its third private equity investment fund, Atlas Capital Resources III LP (“Fund III”). Atlas began fundraising in January and closed at its hard cap of $1.675 billion.
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 underperforming or discontinued operations from corporate sellers and has acquired businesses through bankruptcy purchases, out-of-court restructurings and reorganizations.
Atlas will continue to pursue these strategies, with a particular focus on industrial sectors in which it has substantial operating experience.
“We are gratified to have reached our self-imposed hard cap due to tremendous demand for Fund III from our closest existing relationships 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 III and Proskauer Rose LLP provided legal counsel.
About Atlas Holdings LLC
Atlas Holdings LLC is headquartered in Greenwich, Connecticut. It focuses its activities on the acquisition of businesses in which complex problems or stress mask the intrinsic value of the enterprise as well as on the transformation of these businesses into Performance Organizations. Atlas companies employ more than 21,000 people at more than 200 facilities worldwide. Atlas operates in several industrial sectors, including aluminum processing, automotive, building materials, capital equipment, construction services, paper and packaging, power generation, pulp, supply chain management, wood products, and packaging. Atlas’ portfolio companies combined generate in excess of $5 billion dollars in revenues annually.
As of the closing of Fund III, Atlas manages approximately $3.0 billion of capital. Over the last twenty-five years, the principals of Atlas, in partnership with outstanding management teams, have built more than forty companies in a variety of industries. For additional information, please visit: www.atlasholdingsllc.com