ICV Partners Launches $750 Million Fund for Fifth Buyout Offering

ICV Partners, a specialist in lower mid-market investing, is gearing up for its fifth buyout offering, aiming to raise $750 million. The firm, headquartered in Miami and Atlanta, introduced ICV Capital Partners V in 2023, demonstrating its commitment to expanding its investment horizons.

If successful, the fund will surpass its predecessor, Fund IV, by 28%, which secured $585 million in 2018. Founded in 1998 as Inner City Ventures by American Securities and the Initiative for a Competitive Inner City, ICV has since cemented its reputation as a leading player in the private equity landscape.

ICV specializes in making control investments in North American lower mid-market companies, particularly in business services, consumer goods, food and beverage, and healthcare industries. The firm's investment criteria include companies with revenues ranging from $25 million to $300 million and EBITDA of $10 million to $40 million.

Emphasizing strategic alignment, ICV prioritizes opportunities where companies exhibit strong margins and hold leading positions in stable demand sectors. The firm's investment strategy encompasses various transaction types, including family business successions, sponsor-to-sponsor deals, corporate divestitures, and management buyouts.

With a track record of investing over $1 billion across 32 companies, ICV continues to demonstrate its prowess in navigating and capitalizing on opportunities within the lower mid-market segment.