Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Click here. Cielo Wind is headquartered in Austin, Texas, the US. At least one partner will launch a new, separate fund this year, but will split time between Brazos Private Equity and the new venture, he said. Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. Prior to CenterOak, Mr. Henry co-founded HS Advisory, which provides diligence and advisory services for private equity and private equity-owned middle-market companies. /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/senior-team-from-brazos-forms-new-middle-market-pe-firm Here's an excerpt: Most funds take 12 years or more to fully liquidate. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. A limited partner told peHUB that the team was splitting and raising separate funds. A new Dallas private equity firm, Riata Capital Group, has been formed by executives and investment professionals at Brazos Private Equity Partners, which is in wind-down mode. Salim declined to comment on their performance. We have just sent you an email so you can verify your account. It all needs to add up: what makes a credible corporate climate pledge? Not surprisingly, the article also says that smaller funds are quicker to liquidate much more quickly than larger funds. You should only be asked to sign in once. For Brazos, Mr. Convene, 117 W 46th St, New York, May 23-24, 2023 Its natural as you get to the end of a deployment period, the partners ask themselves, Are we up for a new fundraising together? People are in different places in terms of their families, their business careers, and they want different things, Salim said. Dallas, Texas Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, announced today that it will partner with Bill Scheller to build a new industrial distribution platform called BlackHawk Industrial Distribution, Inc. Mr. Scheller, a long-time industrial distribution executive and investor and former CEO and President of ORS Nasco, a Brazos portfolio company, will serve as President and CEO. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind and solar sources. The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Winding up a private equity fund. Click here. it's been delivered there. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Brazos II closed in 2005 with commitments of $400 million. Friday, May 20, 2022. Another 25% make their first distributions by the 2.5-year mark, while 10% of funds need 3.5 years before wiring money back to their LPs. This copy is for your personal, non-commercial use only. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. A link has been emailed to you - check your inbox. The new firm plans to build a diversified portfolio of platform investments and invest $20-70 million of equity. it's been delivered there. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. ", About Brazos Private Equity Partners, LLC. The reality for standard funds is that many of them take almost as long to completely wind down. A senior team from Brazos Private Equity Partners, a private equity firm that is winding down, today unveiled plans to set up a new firm targeting control investments of middle market companies. Israeli police fired stun grenades and scuffles broke out in Tel Aviv on Wednesday during a nationwide "day of disruption," raising the intensity of protests against a government plan to overhaul the judiciary. Italian authorities arrested three people and were looking for a fourth suspect who they believe trafficked up to 200 migrants aboard a wooden boat that smashed apart on rocks off southern Italy on Sunday, killing at least 65 people. March 29-30, 2023 ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Strategic Equipment and Supply Corporationis a leading national provider of foodservice equipment and supply solutions. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 54 acquisitions, including 20 platform investments. OEGs site selection services comprise proximity to transmission lines, state, local, and federal permitting requirements, specific terrain of the property, and environmental aspects of the site. ORS Nasco currently has a network of eight strategically placed distribution centers that provide overnight delivery access to approximately 80% of the industrial activity in the United States and the rest of the country within two days. The project is currently active. Shareholders will maintain their existing ownership stake in Vision Source, which was established in 1991 and boasts a . Mar 27, 2014 * Vintage 2008 fund was $715 mln . NRG Energy Inc (NRG) is an integrated energy company. Dividing that by the amount contributed by the New York pension fund$46.5 millionsuggests an investment multiple of around 0.8x. Register now to read this article and more for free. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. 214-756-6509. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Private equity funds in Europe are usually considered to be ten-year funds. NEW YORK, March 26 (peHUB) - Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires Rotunda Capital-backed fulfillment services firm Amware, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Venture Investor B Capital Raises First Healthcare Fund, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic. It has been developed in single phase. Brazos Private Equity Don't have an account? Since 2002, Brazos has invested in three successful distribution companies. It has its operations in the US and the UK. Relations between the couple and the rest of the family have become strained since they stepped down from their royal duties in 2020, and moved to California to forge new lives and careers. Over the past ten years, Brazos has compiled a strong track record of distribution investments that have created significant value for our investors. It carries out plant operations, commercial operations, EPC, asset management, energy services and other related critical functions. Don't have an account? Formed in early 2000 through the consolidation of six independent foodservice equipment and supply solution companies, Strategic Equipment and Supply has been instrumental in opening more than 10,000 restaurants, as well as 1,000 non-restaurant foodservice facilities. Enter your email address and gain instant access to this article. Copyright 2019 BlackHawk Industrial / All rights reserved. The companys services include renewable energy resource assessment, site identification, energy output projections, environmental assessment, negotiating turnkey construction service contracts, and site design and site layout optimization services. Russian forces press their weeks-long drive to encircle and capture the eastern Ukrainian city of Bakhmut where the commander of Ukraine's ground forces described the situation as "extremely tense". Well be together operating Brazos to the conclusion of portfolio company investment horizon(s), he said. Insight. OEG is headquartered in Oakland, California, the US. Register now to read this article and more for free. We distinguish ourselves as the #1 choice for industrial manufacturers who are in need of Technical Service and Production Savings. Exclusive: Dallas-based Brazos Private Equity to wind down, Emerging managers monitor: Tracking new fund formation, Investor Relations, Marketing & Communications Forum. The New York pension fund has done far better in the debut fund, realizing an investment multiple of 1.8x on its $39.4 million investment as of the same date. The project got commissioned in December 2003. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. It is not clear why Brazos Private Equity has decided to wind down. Dallas-based CenterOak Partners is targeting buyouts and recapitalizations in the U.S. industrial growth, consumer, and business services sectors, with a particular focus on southern and southwestern companies. Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. The company is a member of various renewable associations such as American Wind Energy Association, Electricity Reliability Council of Texas and Texas Sheep and Goat Raisers Association among others. Fund III was generating an 11.6 percent net IRR and a 1.3x investment multiple as of June 30, 2013 for backer California Public Employees Retirement System. The predecessor appears to have been in the red as of a year ago. Brazos Co-Chief Executive Officer and Co-Founding Partner Randall S. Fojtasek said: ";We look forward to partnering once again with Bill Scheller. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. Brazos Private Equity Partners LLC is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Backstage and collection highlights at Milan Fashion Week. In addition to its national footprint, Strategic provides turnkey equipment, supplies, fabrication, smallwares, design, layout, installation and project management solutions for major restaurant chains, supermarkets, healthcare facilities and independent restaurants. For additional information about Shelter Distribution, please visit the firm's website atwww.shelterdistribution.com. The . Register now to read this article and more for free. Environment Sustainability in Power: Offshore Wind Turbines Wind Power in South Africa, Market Outlook to 2030, Update 2 Asia-Pacific T&D project contracts activity up 54% in July 2022, Europe electricity procurement contracts activity up 82% in July 2022, Asia-Pacific power plant contracts activity down 20% in July 2022, T&D project contracts remain flat in July 2022. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The firm does not plan on seeking any fund or investment period extensions, Salim said. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Diamond WTG Engineering & Services and E.ON Energy Services were contracted to render operations & maintenance services for the project. It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. The sandbanks normally submerged below France's longest river by the beginning of spring have resurfaced early, as water levels have fallen lower than usual amid a record nationwide drought. Not the case? U.S. private equity firm Brazos Private Equity Partners will not be raising a new fund and will manage out the existing portfolio and wind down, reports Chris Witkowsky, editor of peHUB. It also provides construction management, project financing, operations and maintenance and asset management services. Golub Capital provided the financing to support the deal through a uni-tranche term loan facility and revolver. Click Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. Click here. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector. Brazos has been one of the most active middle-market private equity investment firms, having completed in excess of 80 transactions over the past decade. After sign up, well get in touch to help you find the resources that will benefit you the most. Brazos Wind Ranch is a 160MW onshore wind power project. The reality for "standard" funds is that many of them take almost as long to completely wind down. It was a timely moment for the partners to pursue other business opportunities.. Vision Source, a network of independent optometrists and dentists in the portfolio of Brazos Private Equity Partners, has completed a dividend recapitalization. Brazos has a long runway ahead of it. Please check your spam or junk folder just in case Click Cielo Wind Power LP (Cielo Wind) is a wind power project development company. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponents news, deals and financial reporting, regulatory body, associations, government planning reports and publications. A link has been emailed to you - check your inbox. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. window.__lo_site_id = 177402; Margaret Dipp Mr. Henry has more than 20 years of experience as a trusted business advisor and problem solver with expertise in operations, accounting, finance and project management. The firm has raised three funds since its inception: Along with the 2008 Fund III, Fund I is a 2000 vintage vehicle that raised $250 million; Fund II is a $400 million, 2005 vintage vehicle. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. This has largely been possible due to favourable government policies that have provided incentives to the sector. Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. See here for a complete list of exchanges and delays. The Company invests in manufacturing, consumer products, media, telecommunication, and . OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). Please check your spam or junk folder just in case. content For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Many cases likely involve straggler investments and not . Manufacturing, consumer products, media, telecommunication, and distribution and use of this, GlobalData has which! Wine distributor Winebow placed debt backing a merger with Vintner Group, a company... Cutler, Jason Sutherland, andWilliam Henryare joining him the industry is toward! Have been in the US and the brazos private equity wind down, Inc. all Rights Reserved 20... Largely been possible due to favourable government policies that have provided incentives to the conclusion portfolio!, brazos has been emailed to you - check your inbox incentives to the conclusion of company! Maintenance services for the project was developed by cielo wind power Market completed a dividend recapitalization operations EPC... 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