Local private equity firm raises $365M for investment fund
Hammond Kennedy Whitney & Co. Inc. already has taken controlling stakes in five firms with money raised in its latest nine-figure investment pool.
Hammond Kennedy Whitney & Co. Inc. already has taken controlling stakes in five firms with money raised in its latest nine-figure investment pool.
Partners in Monument MicroCap Partners LLC include two former Hammond Kennedy Whitney & Co. CEOs and another former HKW partner.
Private equity funds are getting larger, and new players are entering the market. This translates into more competition for deals, which is driving up prices.
Hammond Kennedy Whitney & Co. plans to use its biggest-ever fund to target mid-sized companies in the medical, infrastructure and energy sectors.
Luke Phenicie, 37, a partner at Hammond Kennedy Whitney & Co., joined the firm in 2004 as an associate, was promoted to vice president, then principal, then to partner at age 32—the youngest in the firm’s history.
As deadlines loom, private equity firms, others, move to deploy capital.
Conditions are ripe for a barrage of mergers and acquisitions to take place this year.
Pent-up demand, anticipated thaw in financing might cause business valuations to rise modestly
Locally based Hammond Kennedy Whitney & Co. closed on $202 million in new capital this month, doubling its size. Its resources
have increased, but HKW’s investment philosophy is unchanged. It continues to buy small and midsize specialty manufacturing
companies, infuse them with cash and management expertise, then patiently wait for them to grow.