July 26 2005
Brynwood Partners Announces Closing of Latest Fund
Greenwich , CT - July 26, 2005 - Brynwood Partners, a private equity firm based in Greenwich , CT, is pleased to announce that on July 15, 2005 it held the final closing of its latest fund, Brynwood Partners V L.P. ("Brynwood V") with total committed capital of $250 million.
Senior Managing Partner, Hendrik J. Hartong, Jr. said "the successful closing of Brynwood V is a major milestone in the 21-year history of Brynwood Partners. It is most gratifying that we were able to reach our $250 million target in this competitive fund raising environment. We received great support from our existing limited partners who committed almost 60% of the new fund. We are also grateful that we could add some prestigious new institutions as limited partners."
Hartong further commented "since Brynwood V's first closing in August 2004, we have established four new platform companies for Brynwood V. We are actively seeking new investments for our portfolio."
About Brynwood Partners L.P. Founded in 1984, Brynwood Partners is a private equity fund that: (i) makes control investments in lower middle market companies, (ii) has a long-term investment holding period and (iii) targets companies operating in the consumer products, light industrial manufacturing, specialty retailing and business services industries. Brynwood Partners is currently managing over $400 million of private equity capital for its limited partners who include U.S. and international pension funds, fund-of-funds, endowments and financial institutions. Since inception, Brynwood Partners has made 20 platform portfolio company investments in addition to over 30 strategic add-on acquisitions and has successfully partnered with management and owners who want to continue to operate their businesses but need the financial and operating support which Brynwood Partners uniquely provides. Brynwood Partners is based in Greenwich, CT. For more information on Brynwood please visit www.BrynwoodPartners.com.