Oversubscribed Falconhead II Closes At $290M

By Keenan Skelly for LBO Wire

6/27/2007 – Falconhead Capital LLC has held a $290 million final close on Falconhead Capital Partners II LP, which had an initial target of $275 million.

According to a client document, the fund plans to invest in 10 to 12 companies with enterprise values of $50 million to $150 million and earnings before interest, taxes, depreciation and amortization ranging from $10 million to $30 million. 

The new fund is already 20% invested. Its portfolio includes St. Louis, Mo.-based Our365 Inc., a provider of in-hospital infant portrait services; Toronto-based gym operator Extreme Fitness; and West Chester, Ohio-based Escort Inc., which makes radar detectors. 

The investors in Falconhead II include several large public and private pension funds, endowments and family offices.

Credit Suisse's Private Fund Group helped raise the fund.

Fund I closed at $214 million in 2001. 

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