BayPine- and TSG-Led Investor Group Recapitalizes Mavis Tire Express Services
May 5, 2021
An investor group led by BayPine LP in partnership with TSG Consumer Partners and existing equity-holder West First Management has entered into a definitive agreement to acquire (recapitalize) Mavis Tire Express Services Corp., with Golden Gate Capital retaining a minority stake. The transaction, which also includes participation from StepStone Group and financing led by Jefferies and Owl Rock Capital, will support Mavis' digital transformation, continued consolidation strategy and geographic expansion of its multi-location automotive service platform.
- Buyers
- BayPine LP, TSG Consumer Partners LP, West First Management, StepStone Group
- Targets
- Mavis Tire Express Services Corp.
- Sellers
- Carousel Capital
- Industry
- Automotive
- Location
- New York, United States
- Transaction Type
- Recapitalization
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