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CI Capital Bags $620M Fund

CI Capital Partners, the New York-based private equity firm closed CI Capital Investors II with $620 million, beating its target of $500 million. The managing principals of CI Capital were collectively the biggest investors in the fund. The PE shop has holdings in companies including Ply Gem, KIK Custom Products, A-T Solutions and Transplace.

PRESS RELEASE:

New York, NY – April 7, 2011 – CI Capital Partners (“CI Capital”), a private equity firm headquartered in New York City today announced the final closing of its CI Capital Investors II, L.P. fund with $620 million in commitments, exceeding its target of $500 million. The managing principals of CI Capital are collectively the largest investors in the fund.

Founded in 1993, CI Capital targets middle-market businesses in industries with strong consolidation potential. Focusing on capital appreciation, CI Capital is a long-term investor which seeks to partner with exceptional management teams to build businesses through strategic acquisitions and organic growth. CI Capital now has over $1.1 billion of capital under management.

“Our successful fundraising, accomplished in a challenging market environment, is a validation of the superior results we have delivered over the past 18 years. We are honored by the trust placed in our firm by the smart and sophisticated limited partners who will be investing alongside us,” said Frederick J. Iseman, Chairman and Chief Executive Officer of CI Capital.

“The fund is off to a great start, having already made two promising investments,” added Steven M. Lefkowitz, President of CI Capital. “We intend to stay focused on our investment strategy of working with seasoned management teams to acquire companies in fragmented industries and significantly increase their scale through acquisitions.”

In addition to its principals, the investors in CI Capital Investors II, L.P. include major financial institutions, including insurance companies, banks and fund managers; pension funds of Fortune 100 and FTSE 100 companies; charitable foundations; family offices, and university endowments.
CI Capital invests in a variety of industry segments including business and consumer services, government and defense services, distribution, logistics, healthcare and employer services and light manufacturing.

The current portfolio of CI Capital Investors II, L.P. consists of:

• Tech Air – A distributor of industrial, specialty and medical gases
• Transplace – A leading provider of non-asset based third party logistics
CI Capital’s other current portfolio companies are:

• American Residential Services, LLC – One of the nation’s leading providers of HVAC and plumbing services
• A-T Solutions – A global provider of counter-terrorism training and intelligence services
• Conney Safety – A full service national distributor of personal protective equipment, safety equipment, and first aid supplies
• KIK Custom Products – A leading North American manufacturer of consumer products in the laundry, household cleaners, personal care, over-the-counter medicated and pharmaceutical categories
• Ply Gem – One of the largest manufacturers of exterior building products
About CI Capital Partners
CI Capital Partners is a North American private equity firm focused on consolidations of leading middle market businesses. The firm targets industries that are ripe for consolidation and seeks to substantially scale businesses through organic growth and acquisitions. Since its founding in 1993, the firm and its portfolio companies have made over 95 acquisitions representing over $5 billion in enterprise value. CI Capital’s existing portfolio consists of companies which collectively generate annual revenue of approximately $4.0 billion, EBITDA of $350 million, and have more than 14,000 employees. To learn more about CI Capital Partners, please visit www.cicapllc.com.