Le Lézard
Classified in: Business
Subjects: TNM, CXP

Harvest Partners Announces Strategic Minority Investment by Goldman Sachs Asset Management


NEW YORK, Oct. 19, 2018 /PRNewswire/ -- Harvest Partners, a leading middle-market private investment firm, today announced that Goldman Sachs Asset Management's Petershill program has made a strategic minority investment in Harvest Partners. 

The passive investment, which represents 15 percent of the firm, will allow Harvest Partners to expand the ownership of the firm and further develop its platform, building on the firm's long history of investing in the middle-market in North America.  As part of the transaction, Harvest Partners' senior leadership has made long-term commitments to the business.  Terms of the transaction were not disclosed.

Thomas Arenz, a Partner of Harvest Partners, said, "We are very pleased to be partnering with Goldman Sachs, a respected global institution that brings a broad range of capabilities and experience in supporting investment management firms.  The investment by Petershill enables us to build on our 37-year history and execute our long term strategy to broaden our middle market franchise."

Christian von Schimmelmann, co-head of Goldman Sachs Asset Management's Petershill program, said, "Harvest Partners has been able to build a world-class private equity business, delivering strong returns to investors for almost four decades.  We are excited to expand our relationship with Harvest Partners through this investment and look forward to providing the firm with strategic capital and support."

Evercore served as financial advisor to Harvest Partners and Kirkland & Ellis served as legal counsel.

About Harvest Partners
Founded in 1981, Harvest Partners (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners' more than 37 years of experience in financing organic and acquisition-oriented growth companies.

About Goldman Sachs Asset Management
Goldman Sachs Asset Management (GSAM) is one of the world's leading asset managers with over 2,000 professionals across 30 offices worldwide. Within GSAM, the Alternative Investments & Manager Selection (AIMS) Group, which manages over $200 billion in assets, provides investors with investment and advisory solutions across leading external private equity funds, hedge fund managers, real estate managers, public equity strategies and fixed income strategies. Institutional and individual investors access these opportunities in the form of new fund commitments, multi-manager programs, strategic partnerships, secondary-market investments, co-investments, and management company stakes through the Petershill program.  With investments in over 20 asset management firms, the Petershill program provides strategic capital to mid-sized asset management firms and has raised over $5 billion of commitments since inception.

Contacts:

Harvest Partners
OWEN BLICKSILVER PUBLIC RELATIONS, INC.
Caroline Luz
+1 (203) 656 2829

Goldman Sachs
Patrick Scanlan
+1 (212) 902-5400

SOURCE Harvest Partners


These press releases may also interest you

at 14:20
Koryx Copper Inc. ("Koryx" or the "Company") announces that the Company has closed a non-brokered private placement (the "Offering") for a total gross proceed of $1,505,250. The Offering closed 23,157,692 units of the Company (each, a "Unit") at...

at 14:14
To support ongoing efforts to ensure the effectiveness and integrity of Canada's tax system, the Government of Canada introduced new reporting requirements for trusts. In recognition that the new reporting requirements for bare trusts have had an...

at 14:10
EV NICKEL INC. ("EVNi" or the "Company") is pleased to announce that it has closed its previously announced private placement of flow-through common shares for aggregate proceeds of $5,119,750 (the "Offering"). The Offering was led by PowerOne...

at 14:08
Stoic Equity Partners has closed on the purchase of another flex industrial property, the third closing associated with its investment fund, SEP Industrial Holdings I, LLC. The asset, a 5-building portfolio located on McDonough Pkwy in McDonough,...

at 14:00
BT Brands, Inc. , announced it will report its fourth quarter and full year 2023 results after market close today Thursday, March 28th. The Company will also host a conference call today to discuss the results at 4:15 p.m. ET. Participants may join...

at 14:00
Amsive, a data-led performance marketing agency, has again attained Premier Partner status within the Google Partners program for 2024. This milestone marks a moment of great pride as the agency celebrates our recognition in the program for more than...



News published on and distributed by: