Tremont Associates Closes Over $220 Million in Transactions in 2006
Record year consisted of two acquisitions and two growth capital investments.
Boston, MA (PRWEB) January 31, 2007
Tremont Associates, LLC ("Tremont") announced today that it closed over $220 million in transactions across four companies during 2006. Most recently, Tremont closed out the fourth quarter by completing a successful leveraged buyout of a rapidly growing niche manufacturing company with exceptional profitability. Earlier in the year, Tremont participated in the acquisition of a leading software-as-a-service company in the talent management market, sponsored by a strategic buyer. Tremont also led two growth capital investments in existing portfolio companies.
"We are particularly excited about the manufacturing company that we acquired in the fourth quarter" said Hank Goddard, Managing Director at Tremont. "It was a highly competitive process, run by a prominent investment bank." Tremont was able to secure an exclusive LOI and close the transaction even in the face of higher bids. "We believe our creative and flexible approach to private equity investing provided the differentiation we needed to win and close this deal. We expect great things from this company in the next few years". Tremont's co-investors on the transaction included a $1 billion private equity fund in New York and several partners at a multi-billion dollar Boston-based PE firm.
Tremont is a privately funded buyout firm that provides debt and equity capital to companies at the lower end of the middle market. Tremont was formed in 2001 to take advantage of often overlooked buyout and investment opportunities in companies with $2 to $10 million in EBITDA. Tremont looks for growth oriented companies, primarily in the manufacturing, software, business services and healthcare services markets.
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