Bregal Partners seals debut investment

The US mid-market firm has completed its first deal from its $500m fund, whose sole LP is Europe's Brenninkmeijer family.

New York-based Bregal Partners, a private investment firm started last year by managing partners Robert Bergmann and Scott Perekslis, has completed its first deal by backing athletic event production company OmniForce.

Terms of the transaction were not disclosed, but the equity investment was within Bregal’s target size of between $25 million and $75 million. OmniForce organises athletic fundraising events and has raised more than $600 million for its clients since 2002.

Bregal Partners is a $500 million fund that counts Bregal Investments, the family investment vehicle of the Brenninkmeijer family, as its sole limited partner. Bergmann and Perekslis joined Bregal Investments in 2012 from mid-market specialist Centre Partners Management before starting Bregal Partners.

“OmniForce is the first investment of what will be four to five different deals that we’ll be announcing in the next month,” Bergmann told Private Equity International. The investments, including committed capital for add-on acquisitions, will bring Bregal’s $500 million fund to between 40 percent and 50 percent invested.

Bregal Partners focuses on mid-market companies in North America in the consumer services, healthcare services and energy services sectors and has the ability to invest up to $150 million of equity per transaction.

In addition to managing partners Bergmann and Perekslis, Bregal Partners consists of three principals and three associates.

Bregal Investments was founded in 2002 has invested over $9 billion since its inception. 

Magazine subscribers can read an in-depth feature story on Bregal Partners in the October issue of Private Equity International.