The Riverside Company Closes Value Fund I, at $350M

The Riverside Company, a global private investment firm focused on the smaller end of the middle market, closed its Riverside Value Fund I, at $350m.

This represents the 34th fund raised in Riverside’s history. 

The Riverside Value Fund generally invests in businesses undergoing operational transformation or facing complex situations or unique challenges. The fund has a flexible mandate, but primarily targets control investments in businesses that generate revenue between $60m and $300m.

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RVF aims to identify and acquire North American companies in attractive industries at value prices, drive operational improvement and exit these investments at healthy company growth multiples. RVF leverages the firm’s global platform, including its 18-person origination team and its extensive group of more than 65 operating partners.

RVF completed its first investment of LMG Holdings, Inc., (LMG), a national manufacturer and distributor of ignition interlock devices for DUI offenders, in 2020, followed by add-on Alcohol Monitoring Systems the next year to form SCRAM Systems, an end-to-end judicial monitoring solutions provider for alcohol related offences. Also in 2021, RVF invested in PFB Corporation, a North American manufacturer of energy efficient, environmentally friendly insulation building products for residential & commercial applications and materials for infrastructure / civil projects. RVF added siffron, a manufacturer and distributor of consumable and seasonal merchandising display products and loss prevention solutions, in 2022.

Led by Co-CEOs Stewart Kohl and Béla Szigethy, The Riverside Company is a global investment firm having made more than 970 investments. Its international private equity and flexible capital portfolios include more than 150 companies.

Source: Finsmes

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