Firm: Linsalata Capital Partners
Fund: Linsalata Capital Partners VI LP
Target: $425 million
The closing would mean the Mayfield Heights, Oh.-based buyout shop is well on its way to its target of $425 million for the fund,
Most of the commitments so far are from groups that have invested in Linsalata Capital’s previous funds, the source said. Previous investors have included
Frank Linsalata, a former CFO of Midland-Ross Corp., the Cleveland-based industrial firm that was bought by
A generalist investor, the firm has taken advantage of opportunities in business services, food service equipment, pet products and services, among many others. In its most recent platform acquisition, in February, the firm made its first foray into 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.
Linsalata Capital typically invests $10 million to $50 million of equity in companies generating EBITDA between $7 million and $50 million.
The other Senior Managing Directors 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.