April 30, 2010
Azalea Capital Announces Final Close for The Azalea Fund III, L.P.Azalea Capital is pleased to announce the
final closing of The Azalea Fund III, L.P. with approximately $83
million in capital commitments, which exceeded Azalea’s initial goal
of $75 million. With this new Fund, Azalea will continue its historic
investment focus on lower middle-market firms in the Southeast to
facilitate management buyouts, business recapitalizations, and growth
plans. Targeted industries for investment continue to be manufacturing,
business services, consumer products, value-added distribution, and
healthcare. Typical investment candidates will have annual revenues
ranging from $10 million to $75 million, and EBITDA of $2 million to $10
million.
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