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MILL VALLEY, CA, January 23, 2018 /24-7PressRelease/ -- Vopne Capital, LLC, a private equity firm focused exclusively on lower-middle-market manufacturing and industrial businesses, raised $81 million for its second private equity fund, Vopne Fund II, exceeding its $70 million target. Investors include pension plans, family offices, fund of funds and high-net-worth individuals. Vopne did not use a placement agent for Fund II.
Fund II will continue the successful investment strategy that Vopne has employed since its inception: control buyouts, recapitalizations and growth equity investments in niche manufacturing and industrial businesses in the U.S. and Canada with EBITDA of $2 million to $6 million. Vopne plans to invest the new fund in a limited number of companies where it can concentrate its time and operating resources. Vopne targets equity investments of $5 million to $25 million per platform investment.
"We are pleased by the reception Fund II received from a highly-respected group of investors," said Jim Bloom, founder and Managing Partner of Vopne. "Fund II enables Vopne to continue our strategy of investing in high-quality companies with engineered, differentiated products that benefit from our hands-on operating experience. We will continue to deliver outstanding returns to our investors by working with management teams to deliver top-line growth, operational excellence and bottom-line performance. Our vision for building companies the right way--by investing in growth and focusing on product quality, rather than financial engineering--is shared by our investors. We are grateful for the support of our limited partners and thank them for their commitment to Vopne."
About Vopne Capital, LLC
Vopne Capital, LLC is a San Francisco Bay Area-based private equity firm focused exclusively on control equity investments in niche manufacturers in the U.S. and Canada with $2 million to $6 million of EBITDA. Vopne undertakes buyouts, recapitalizations, and growth equity investments of companies with engineered, differentiated products and a dedication to product quality and customer service. Vopne invests up to $30 million of equity per platform investment. For additional information on Vopne, please visit www.vopne.com.
Contact: Alex Sokolow
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