One Equity Partners, a NYC-based middle market private equity firm, completed fundraising for its seventh fund, with $1.75 billion in total capital commitments.
One Equity Partners VII, L.P., received commitments from a wide range of premier institutional limited partners around the world, including pension funds, financial institutions, family offices, asset managers, fund of funds, insurance companies, foundations, and high net worth individuals.
With Fund VII, OEP will continue its “Transformative Combination” strategy in which the firm seeks to merge like-sized middle market businesses that have a highly complementary fit in order to create a steep change in growth and enhance market leadership.
Fund VII’s focus is making equity investments of between $30 million and $300 million in growing healthcare, industrial and technology businesses in North America and Europe.
The firm has been actively investing Fund VII, and has made nine platform investments thus far. They include:
- Orion Business Innovation, a global technology services firm;
- Ernest Health, an operator of inpatient rehabilitation and long-term acute care hospitals;
- MediaKind, a pureplay video software technology company carved out of Ericsson; and
- Walterscheid Powertrain Group, a European original equipment and aftermarket parts and services provider.
Led by Dick Cashin, President, One Equity Partners is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe.
Since 2001, the firm has completed more than 180 transactions worldwide. OEP, which spun out of JP Morgan in 2015, has offices in New York, Chicago, and Frankfurt.