LNK Partners Closes Fund II At $400 Million

Firm: LNK Partners

Fund: LNK Partners II

Amount Raised: $400 million

Placement Agent: Credit Suisse

Legal Counsel: Paul, Weiss, Rifkin, Wharton & Garrison

Private equity firm LNK Partners has closed a $400 million fund, its second, that will be dedicated to investments in the consumer and retail space, the firm announced. LNK Partners II was oversubscribed but capped at its $400 million target, the firm said.

LNK Partners, based in White Plains, N.Y., was founded in 2005 by a group of buyout executives from Apax Partners, including David Landau, Henry Nasella and Jeff Perlman. The firm’s Web site lists 11 investing professionals, operating partners and staff.

LNK Partners invests up to $150 million per transaction using a variety of strategies, including growth capital, buyouts and recapitalizations. LNK said it participated in the recapitalization of Ariat International, the marketer of equestrian gear; the recapitalization of Au Bon Pain, a leading fast casual restaurant chain; and acquisition financing to support the purchase of clothing maker Tommy Hilfiger by PVH Corp., a publicly traded apparel company in New York that has an extensive portfolio of fashion brands.

Known LP investors include the Fire and Police Pension Association of Colorado, according to the Thomson One database of private equity firms. The firm said more than 100 senior industry executives have personally invested a total of more than $45 million in LNK’s funds.

LNK’s placement agent was Credit Suisse and its law firm was Paul, Weiss, Rifkin, Wharton & Garrison. The firm raised its first fund in 2006.