Bertram Capital Back In Market with Second Fund
Bertram Capital last month began raising its second fund with a $500 million target, peHUB has learned. The Silicon Valley-based growth equity firm originally planned to begin marketing in early 2009, but deferred due to smaller deal sizes. “Everything we’re buying right now is substantially under 5x EBITDA, but we originally forecasted paying 8x EBITDA or more," Bertram managing director Jeff Drazen explained at the time. " Trafford is a good example. It’s a $10 million business we’re buying for a couple hundred thousand… I just don’t feel we can go out until Fund I is 75% committed, and we’re just not there yet.”
27 April 2010•1 min read
