Atlas Holdings said it had held the first and final close of its second private equity investment fund which raised $900 million. The initial target of Atlas Capital Resources II was at $650 million when fundraising was started in September. The exclusive placement agent for the second fund was Capstone Partners while legal counsel was given by Proskauer Rose.
Atlas Holdings is a private equity firm based in Greenwich, Connecticut that looks for opportunities in businesses where complex issues or stress hide their intrinsic value. It manages over $1.3 billion in capital, with its portfolio companies posting more than $3 billion in yearly revenues.
The ability of Atlas to execute complex financial transactions, come up with solutions to enterprise challenges and provide exceptional operational and financial performance benefits the companies it acquires. In a statement, the private equity firm said it has been actively buying companies in the midst of financial or operational stress through bankruptcy purchases, reorganizations and out-of-court restructurings and through underperforming and shuttered operations from corporate sellers.
Atlas said it will continue to employ these strategies, paying special attention on the industrial sectors where it has extensive operating experience. These sectors include energy, building materials, steel mill services, capital equipment, energy, pulp and paper, wood products and packaging.
Atlas Co-Founder and Managing Partner Andrew Bursky said in a statement about Fund II, "We are gratified by the tremendous demand for Fund II from our existing investors as well as a number of new partners. The firm's proven investment strategy, team and historical track record attracted a diverse group of exceptionally high quality investors in a short amount of time."
The companies in the portfolio of Atlas have hired over 10,000 people in their over 90 facilities around the globe. Atlas, which has been in business for the past 25 years, has established over 40 companies in various industries.
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