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Company Overview
Headquartered in Teaneck, New Jersey, DFW Capital Partners (“DFW”) makes control equity investments in lower middle market health care services, business services, industrial services and specialty pharmaceutical companies located primarily in the Mid-Atlantic and Eastern United States. DFW’s investment strategy is to acquire companies with addressable deficiencies that are undergoing an ownership transition, professionalize them and build revenue and EBITDA for an ultimate sale to strategic or larger financial buyers. DFW focuses on companies with typically $10 million or less in EBITDA and revenue ranging from $20 million to $100 million whose core business models or growth opportunities are driven by regulation.
Situation
DFW was seeking to raise $300 million for its fifth private equity fund, DFW Capital Partners V, L.P. (“Fund V”). DFW retained Griffin Financial Group, LLC to act as its exclusive financial advisor and placement agent. Griffin had previously worked with DFW to successfully raise DFW Capital Partners IV, L.P., which had its final close in December 2013 at $162.5 million.
Solution
Griffin introduced DFW and Fund V to potential new limited partners in the United States and Europe. After less than six months in the market, on April 2, 2016, Fund V had a first and final close with $360 million of committed capital, exceeding the target of $300 million and reaching its hard cap. Fund V was significantly oversubscribed through the participation of a broad existing and new investor base that includes leading public and private pension funds, insurance companies, endowments and foundations, fund of funds, family offices and high net worth individuals.
For more information on this transaction, please contact Paul F. Delaney, Senior Managing Director, at 646.254.639. For more information on Griffin’s services in general, contact any one of our investment banking professionals.
