 |
 |
 Downloads | Contact Us |
|
|||||
|
||||||||
  March 25, 2008 March 25, 2008 January 16, 2008 October 10, 2007 June 22, 2007 June 11, 2007 May 2007 April 23, 2007 January 22, 2007 January 8, 2007 January 3, 2007 January 2, 2007 January 2, 2007 December 6, 2006 November 20, 2006 November 17, 2006 September 19, 2006 September 19, 2006 September 19, 2006 September 14, 2006 September 14, 2006 September 13, 2006 September 13, 2006 September 13, 2006 February 16, 2006 May 24, 2004 June 2, 2003 January 14, 2003 January 7, 2003 May 16, 2002 October 4, 2001 |
 ICV RAISES $313M By Kelly Holman The Deal.com Posted 02:44 EST, September 13, 2006 ICV Capital Partners LLC, a New York private equity firm, said Wednesday, Sept. 13, it has closed its second fund at $313 million, exceeding an initial target of $200 million by more than 50%. The ICV Partners II LP pool will seek to deploy equity investments of up to $35 million in small, middle-market companies involved in buyout, recapitalization or corporate divestiture situations. ICV's fund will invest in businesses that generate $25 million to $100 million in annual sales or Ebitda ranging from $5 million to $15 million. Investors include New York State Common Retirement Fund, California Public Employees' Retirement System, Citigroup Inc., Fairview Capital Partners Inc., Bank of America NA, J.P. Morgan Chase & Co., the City of Philadelphia, Teachers' Retirement System of the State of Illinois, CSFB Emerging Opportunities Fund, Lehman Brothers Inc., New York Life Insurance Co., California State Teachers' Retirement System and the CSFB/NJDI Investment Fund. Willie E. Woods Jr., president and managing director of ICV, said that what sets the firm apart is that it doesn't use subordinated debt in its deals. Woods said that, as a result of ICV's not overleveraging its investments, its investee companies' balance sheets remain stronger. The firm launched fundraising efforts for the new fund in January 2005 without the assistance of a placement agent. Woods said it was too early to comment on the internal rate of return for ICV's first fund, since it still has six active portfolio companies and only shows two realizations. "Our portfolio is in very good shape," Woods added. The portfolio includes a diverse set of businesses such as bakery foods company Sterling Foods Ltd., audio after-market accessories supplier AAMP of America Inc., eyewear company Hilsinger Co. and packaging company Folding Carton Co. ICV makes investments in companies that have defensible market positions and strong management teams and offer growth opportunities via operational improvements. It will not invest in startup, technology or real estate businesses. O'Melveny & Myers LLP partner Phillip Isom provided fund formation counsel to ICV |
|||||||
 © Copyright ICV Capital Partners, LLC T 212-455-9600 · F 212-455-9603 |
||||||||
