|
|
 |
 |
Providing Private Equity Capital for Co-investments in Buyouts with
Equity Sponsors; Management Buyouts, Recapitalizations, Industry Build-ups and
Growth Equity
PPM: An Overview
PPM Capital Partners, LLC is the general partner of the PPM America Private
Equity Fund I, with approximately $280 million in outstandings, the PPM
America Private Equity Fund II, with $375 million in commitments, and the
PPM America Private Equity Fund III with $200 million in commitments. The
partnership provides private equity capital for:
|
| . |
co-investments in buyouts with equity sponsors |
| . |
management buyouts and recapitalizations |
| . |
industry build-ups |
| . |
growth equity
|
In the past several years on behalf of its clients, PPM has provided equity in
over 25 transactions. The financial acumen and investment experience of the 9
professionals who comprise our firm cover a broad business base vital in
evaluating and successfully closing equity investments. PPM America Capital
Partners' limited partners are Jackson National Life Insurance Company and
Pacus (UK) Limited. Jackson National Life is one of the largest life insurance
companies in the United States, managing more than $82 billion in assets as
of December 31, 2007. Based in London, our UK Parent* and its
affiliated companies constitute one of the world's leading finacial services
groups, providing insurance and finacial services directly and through its
subsidiaries and affiliates throughout the world. It has been in existence for
over 160 years and has $530 billion in assets under management as of December 31,
2007. |
| |
| * Prudential plc, our UK Parent, is not affiliated in any manner
with Prudential Financial, Inc., a company whose principal place of business is
in the United States of America.
|
| |
 |
Management Buyouts | Investment
Partner | Worldwide
Affiliates
Advantages |
Co-Investment Partner | Consolidations/Growth
Buyouts & Recapitalizations | Fund
Investments |
MANAGEMENT BUYOUTS
PPM America Capital Partners actively pursues co-investment opportunities in
sponsor-led buyouts. PPMACP will also provide capital for growth financings,
including industry build-ups and corporate acquisitions.
PPM AS AN INVESTMENT PARTNER
On behalf of its client, PPM America Capital Partners views itself as a partner
of both the private equity sponsor and management. PPMACP provides advice and
assistance in financings, acquisitions and other strategic, board level issues.
Moreover, PPM offers access to a broad network of global relationships to
support the development of each portfolio company.
Consistent with investors' objectives, PPM's goal is to build the value of its
portfolio companies. Its primary source of profit is through the appreciation
of its client's equity investments, and not from fees, asset sales or interest
payments.
PPM is highly motivated to fund a company's growth through acquisitions or
internal expansion. As a consequence, it is critical to create a financially
sound capital structure and provide follow-on growth capital to enable each
portfolio company to take advantage of strategic growth opportunities.
PPM America Capital Partners is represented on the Board of Directors or holds
seats when appropriate for its investment. PPM does not, however, expect to
have involvement in the day-to-day operations of a portfolio company.
PPM & WORLDWIDE AFFILIATES
PPM America Capital Partners is part of a worldwide network of private equity
investors. Our London-based affiliate is PPM Capital, which also has offices in
Paris, Hong Kong, and Sydney. PPM has invested together with PPM Capital in
transactions in the United States, United Kingdom and Asia. If your transaction
has operations or opportunities around the world, PPM could be your one-stop
equity source.
THE ADVANTAGES TO INVESTORS AND
MANAGEMENT PARTNERS
When PPM makes an investment, it provides the following advantages:
Transaction Expertise
The professionals who work on each investment have a high level of experience
and a track record of successfully analyzing and closing equity investments. In
addition, PPM has a broad network of contacts and resources that complement its
own in-house capabilities.
Financial Capabilities
PPM America Private Equity Fund III, LP has over $200 million in committed
capital and is able to provide flexible financing, with individual investments
of $5 million and greater. Additionally, PPM frequently makes follow-on
investments to facilitate the continued development of growing companies.
Global Capabilities
Through its global affiliates and fund relationships, PPM has professionals
dedicated to investing in North America, Europe and Asia.
Timely Response
PPM's management structure and streamlined investment decision-making process
permits it to respond quickly to investment opportunities.
CO-INVESTMENT PARTNER
On behalf of its client, PPM America Capital Partners will partner with other
investors. PPM's strong relationships with buyout sponsors as well as
individual and institutional investors provide it with unique access to a wide
variety of investment opportunities.
PPMACP's co-investment activities include equity financing for buyouts,
recapitalizations, and growth. PPMACP's co-investments range from significant
minority ownership positions in companies with values between $30 million to
$300 million to smaller stakes in companies with values in excess of $1 billion.
PPMACP actively pursues co-investment opportunities where it can be a
value-added partner in terms of investment resources, responsiveness, global
reach and additional acquisitions.
INDUSTRY CONSOLIDATIONS/ GROWTH
PPM has played an important role in creating and financing companies that take
advantage of consolidation opportunities. PPM has invested in strategic
consolidations in industries as diverse as office equipment, healthcare,
telecommunications, industrial distribution, publishing and travel services.
PPM assists in the formation of these companies and provides equity for
subsequent acquisitions. Attractive opportunities include fragmented industries
where companies can be combined to create more efficient operations through
larger scale. These companies can become more profitable, serve their customers
better and grow more quickly than their competitors.
MANAGEMENT BUYOUTS & RECAPITALIZATIONS
PPM America Capital Partners may consider investing in management buyouts and
recapitalizations of companies with values typically ranging from $30 to $300
million. PPMACP frequently partners with other investment firms in large
transactions. PPMACP's investments encompass a wide variety of industries.
PPMACP originates and structures transactions and provides equity financing.
Its professionals have been involved in management buyouts and
recapitalizations since its inception. PPMACP strives to provide prudent
financial structures which afford each of its portfolio companies the greatest
degree of flexibility to achieve its financial goals.
FUND INVESTMENTS: LIMITED PARTNERSHIP INVESTING
PPM invests in unaffiliated third-party funds on behalf of both Jackson
National Life Insurance Company and Pacus (UK) Limited. PPM actively pursues
funds with experienced managers and a proven track record of solid returns. PPM
may consider investing in a variety of funds ranging from buyouts to venture
capital to communication funds.
|
|