Firm: Linsalata Capital Partners
Fund: Linsalata Capital Partners VI LP
Target: $425 million
The Mayfield Heights, Ohio-based buyout shop is thus fast approaching its target of $425 million for the fund,
The firm raised an identical amount for its previous fund,
In August, Buyouts reported that most of the funds commitments were so far from groups that have invested in Linsalata Capital’s previous funds. Previous investors have included
Frank Linsalata, a former CFO of Midland-Ross Corp., the Cleveland-based industrial firm that was bought by
Linsalata Capital has been particularly drawn to deals in business services, food service equipment, pet products and services, although it has invested in a variety of industries. Last February, the firm made its first investment in the health care sector with its buy of NeuroTherm Inc., a Wilmington, Mass.-based manufacturer of radio frequency generators and other products used in the field of interventional pain management, which was also Linsalata Capital’s most recent platform acquisition.
The two other senior managing directors at the firm are Eric Bacon, who held a series of operating positions with Allied-Signal in South Bend, Ind., and eventually became a consultant at McKinsey & Co. before joining Linsalata Capital in 1990; and Stephen Perry, who held a series of management positions at Midland-Ross prior to joining Linsalata Capital in 1998. The firm has about 12 investment professionals total.