Private equity firm Auxo Investment Partners has completed its fifth acquisition in 13 months with a deal for a Warren-based stamping manufacturer. The deal for Prestige Stamping Inc. marks Auxo's first foray into custom engineered stampings for the fastener industry.
Closing fundraising for a $50 million private equity fund gives Auxo Investment Partners a year-long breather before preparing to raise capital for a second fund. Presuming Grand Rapids-based Auxo Investment Partners maintains its present pace of investments, Managing Partner Jeff Helminski expects the firm to return to fundraising mode as soon as a year from now.
Auxo Investment Partners, a Grand Rapids, Mich.-based private equity firm, raised $50 million for its debut fund.
The "secret sauce" that separates Auxo Investment Partners from other private equity firms comes down to hard work. That’s according to Jeff Helminski, a managing partner at the Grand Rapids-based Auxo, which has completed four deals in the last 12 months, with more on the way. In the dealmaking process, Auxo seeks to hold itself to "the highest standard in the industry" by deploying a strategy that reflects the values of the partners, whose aim is to help companies unlock their growth potential.
A two-year-old private equity firm has finished raising $50 million for its inaugural fund. Grand Rapids-based Auxo Investment Partners said yesterday it closed the investment fund Auxo Growth Holdings I. The firm raised the committed capital from family offices and institutional investors.
Auxo Investment Partners, a Grand Rapids, Michigan-based private equity firm, held the final closing of its first investment fund, at $50m. Under Auxo’s model, investors, or Founding Partners, invest not only in its portfolio companies, but also in the firm itself. They participate in all economic benefits generated by Auxo, including carried interest and fees, with a priority position ahead of the Management Partners.