fbpx
Connect with us

Know

Tampa private equity firm raises $125 million

Margie Manning

Published

on

Photo by Chronis Yan on Unsplash

Osceola Capital Management, a private equity firm in Tampa, has raised $125 million for its Osceola Fund I.

There was heavy investor demand. The fund was oversubscribed and surpassed its original target of $100 million, a news release said.

Michael Babb

Investors included global public pension plans, financial institutions, a university endowment, family offices and several high net worth investors.

“It is exciting to partner with a top tier collection of institutions, family offices, and individual investors and we look forward to continuing to execute our strategy on their behalf,” Michael Babb, managing partner, said in the news release.

Will Newbrander

Osceola already has begun putting the new capital to work, making investments of about $40 million across several sectors.  The most recent deals include recapitalizing a New Jersey medical provider and buying a Texas healthcare consulting company.  The portfolio is “well positioned for the current macro environment,” said Will Newbrander, a director at Osceola.

“We believe that staying true to our strategy of paying appropriate multiples, utilizing light leverage, and carefully selecting industries with recession resilient qualities will reward Osceola’s investors,” Newbrander said.

Ben Moe

The new funds allow Osceola to continue actively pursuing opportunistic investments, said Ben Moe, managing partner.

DLA Piper served as legal counsel for the Osceola Fund I fundraiser.

Osceola invests in lower middle-market services companies with initial platform investments typically ranging from $2 million to $10 million of earnings before taxes, interest, depreciation and amortization.

0 Shares
Continue Reading
Click to comment

Leave a Reply

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free

Share with friend

Please enter email address you want to share this article with