Transom Capital Group has closed its second oversubscribed fund at $133 million. Transom Capital Fund II will focus on lower middle market companies.
LOS ANGELES, CA–(Marketwired – Jun 2, 2016) – Transom Capital Group, a leading operationally-focused private equity firm, announced the closing of Transom Capital Fund II, L.P., (Fund II) with $133 million of limited partner capital commitments. The Fund was raised in partnership with leading institutional investors, was oversubscribed and closed above its target.
Fund II will employ the same investment philosophy and operationally-focused strategy that formed the foundation of Transom’s success in Fund I. Fund II will focus on lower-middle-market businesses that can benefit from the combination of management’s industry expertise with the firm’s functional expertise, access to capital and proven ARMOR(SM) Value Creation Process that creates improved operational efficiency, significant top-line growth, cultural transformation and overall successful outcomes.
“The closing of Fund II is a significant accomplishment for Transom Capital and adds continued proof that our differentiated, down-to-earth, hands-on strategy of private equity investing is a successful platform for both our investors and our portfolio companies,” said Russ Roenick, Managing Partner and Co-Founder of Transom.
Ken Firtel, Managing Partner and Co-Founder, added, “We are thankful and appreciative to our limited partners for their confidence and support, and we look forward to working with them for many years to come.”
The final closing of Fund II follows an active year at Transom in which the firm completed four acquisitions and welcomed two senior members to the team, Ty Schultz, Managing Partner and James Oh, Principal.
Don Melamed of O’Melveny & Myers LLP served as legal counsel to Fund II.
About Transom Capital Group
Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the lower-middle-market. The Transom Capital team has a proven track record of investing in, restructuring, monitoring and growing lower-middle-market businesses for the long-term. Key to this success is its unique hands-on approach to partnership and proprietary ARMOR(SM) value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that provide operational involvement and support to each portfolio company without overwhelming the management team. Transom Capital invests in businesses across multiple industries where its unique team of professionals can bring the experience, energy, and expertise required to maximize the value-added to each company. Transom Capital is headquartered in Los Angeles, California with an additional office in Seattle. More information is available at www.transomcap.com or (424) 293-2818.