TriSpan
TOP 50 PE Winner
2021 | 2022 | 2023
Primary Address
152 West 57th Street, Floor 5, New York City, New York 10019
Website
trispanllp.com
Phone Number
646.586.2194
Which best describes the firm?
Traditional | LP Funded
Firm Inception
2015
Leadership
Fady Michel Abouchalache – Founding Partner
Elan Schultz – Founding Partner
Pericles Mazarakis – Managing Partner
David Allan – COO & CFO
Gregor Lanz – Head of Investor Relations & Client Relationship Management
Team Members
30
Firm Overview
Founded in 2015, TriSpan is a private equity investment firm focused on lower and middle-market buyouts and growth investing in North America and Europe, with current AUM of ~$900 million. TriSpan invests out of two sector-focused committed funds, with large and systematic deal-by-deal co-investment:
Opportunities Fund I and II (“OF”) platform focuses on ‘buy-and-build’ opportunities in business services, healthcare services and specialty manufacturing. The fund takes majority stakes in platform companies in fragmented markets with $5-20m in EBITDA. The current portfolio includes 7 platform companies with 1 exited investment to-date
Rising Stars Fund I and Top Up Fund (“RS”) focuses on growth restaurant investments with $1-20 million in EBITDA. The current portfolio includes 10 companies
Why do prospects want to do business with the firm?
Established Investment Firm with Strong Lower-Middle Market Capabilities
Strong founder/shareholder backing has allowed TriSpan to establish a true transatlantic investment platform.
Focused on lower-middle market, which presents greater value creation potential while bringing more mid/large-cap GP experience and skillset to enhance risk/reward
More structured and ‘hands-on’ approach to post-investment value creation rather than usual for a small GP, including deep network of operating partners and advisors
Fully staffed team with offices in New York and London
Experienced Senior Investment Team
Senior team members all have significant experience in blue-chip institutions
100+ years of total PE experience for the senior team or 18 years on average
Long history of working together (co-founders for 17 years and all OF senior team members on average at least 5 years)
Focused and disciplined investment approach and portfolio construction
The Opportunities Fund program focuses on three primary verticals: business services, healthcare services and specialty manufacturing with a rigorous investment criteria:
Focus on high-quality ‘buy-and-build’ businesses with resilient and defensive characteristics
Multiple return levers: M&A, organic growth and operational improvements
Strong price discipline: attractive platform entry multiple and/or ability to materially average down over time via M&A – creating opportunities for multiple arbitrage
Moderate use of leverage: focus on growth rather than leverage to drive returns
The Rising Stars program was designed with a clear mandate, focusing on companies in the restaurant industry with a compelling value proposition and strong proof of concept. The team have developed an extensive investment scorecard against which all prospective investments are graded to determine their attractiveness.
Strong Operating Capabilities
TriSpan develops and implements robust value creation initiatives and executional roadmaps with the support of experienced operating partners that work closely with management.
Exceptional Alignment of Interest
The firm is controlled and majority-owned by its partners
Broad distribution of carried interest including to junior members of the team
Substantial team commitment to its funds
Systematic Co-Investment Opportunities
TriSpan offers substantial co-investment opportunities on a formulaic basis, targeting fund to co-invest ratio of up to 1:2+. To date, the OF platform has offered $380m+ in additional co-investment opportunities.
Attractive Track Record
TriSpan expects the first Opportunities Fund to be a top quartile fund in its segment.
Why do intermediaries present opportunities and want to conduct transactions with the firm?
Capacity to execute on a high volume of deals across a variety of industries
Not afraid to seek out complex situations
Operates with a sense of urgency and certainty of execution
Collaborative mindset and long-lasting partnerships
Contact
152 West 57th Street, Floor 5, New York City, New York 10019
Call 646.586.2194 | Visit trispanllp.com