Nautic Partners
Encyclopedia
Nautic Partners is a private equity
firm focused on leveraged buyout
investments in middle market companies across a range of industries.
The firm, which is based in Providence, Rhode Island
, was founded in 1986 as Fleet Equity Partners, a subsidiary of Fleet Bank. Initially, Fleet Equity Partners invested in private equity exclusively on behalf of the bank. However, beginning in 1993, the team began to accept outside investors. In 2000, Nautic Partners was formed as an independent private equity firm with the majority of its capital for its fifth investment vehicle provided by outside investors. Fleet remained a minority investor.
The firm currently manages approximately $2.5 billion of capital committed by institutional investor
s. Since 2000, Nautic has raised approximately $1.9 billion across two funds.
Among the firm's notable investments are Prince Sports
, Fibertech, Big Train Coffee and R2C Group
. The firm was also previously the owner of Skyline Chili
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm focused on leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
investments in middle market companies across a range of industries.
The firm, which is based in Providence, Rhode Island
Providence, Rhode Island
Providence is the capital and most populous city of Rhode Island and was one of the first cities established in the United States. Located in Providence County, it is the third largest city in the New England region...
, was founded in 1986 as Fleet Equity Partners, a subsidiary of Fleet Bank. Initially, Fleet Equity Partners invested in private equity exclusively on behalf of the bank. However, beginning in 1993, the team began to accept outside investors. In 2000, Nautic Partners was formed as an independent private equity firm with the majority of its capital for its fifth investment vehicle provided by outside investors. Fleet remained a minority investor.
The firm currently manages approximately $2.5 billion of capital committed by institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s. Since 2000, Nautic has raised approximately $1.9 billion across two funds.
Among the firm's notable investments are Prince Sports
Prince Sports
Prince Sports, Inc., based in Bordentown, New Jersey, is a manufacturer of equipment for racquet sports, primarily for tennis, badminton, and squash....
, Fibertech, Big Train Coffee and R2C Group
R2C Group
The R2C Group is the name for a group of related companies in the advertising industry. It comprises Respond2 and Cmedia.- History :...
. The firm was also previously the owner of Skyline Chili
Skyline Chili
Skyline Chili is a chain of chili restaurants based in Cincinnati, Ohio. Founded in 1949 by Greek immigrant Nicholas Lambrinides, Skyline Chili is named for the view of Cincinnati's skyline that Lambrinides could see from his first restaurant , opened in the section of town now known as Price Hill...
External links
- Nautic Partners (company website)