About Harvest Partners LP
The firm is a private equity investor that specializes in leveraged buyouts and growth financings in the general industrial, business services, and consumer and retail sectors. The firm typically works with select middle-market companies to create value through capital investment, operational improvements, geographic expansion, or strategic repositioning. Its goal is to generate consistently superior investment returns while also preserving capital.
Harvest Partners LP Headquarter Location
280 Park Avenue 25th Floor
New York, New York, 10017,
Latest Harvest Partners LP News
Sep 3, 2021
Investcorp, the financial institution specializing in alternative investments, announced the completion of the deal to sell PRO Unlimited. These were made by Investcorp and funds managed by Harvest Partners, a New York-based private equity firm. The sale was to EQT Private Equity, a global investment company, and the deal was first announced on June 28, 2021. It is noteworthy that this sale is the second in a week for “Investcorp”, after announcing the sale of “Arrowhead”, and the total volume of the two transactions reached a record size of 4 billion dollars. Founded in 1991, Pro Unlimited provides a full range of services to address procurement, management and compliance issues related to temporary workers, including independent contractors, consultants and freelancers. Pro Unlimited operates in more than 50 countries and serves some of the world’s largest and most reputable companies through its integrated software and services platform, which is not under the control of a single vendor. Investcorp acquired Pro Unlimited in October 2014, and retained a significant minority stake after it was sold to Harvest Partners managed funds in May 2017. Over the course of Investcorp’s partnership with its management team, Pro Unlimited has achieved significant growth and expansion. . The company launched new products that leverage its data assets, invested in sales and marketing, completed two acquisitions, expanded its geographic presence, and supported the company’s executive team to drive the ongoing transformation. Investcorp’s CEO, Mohammed Al Ardi, said: “Our private equity activities in North America are one of our oldest business units and continue to be a priority for us as we expand and take advantage of opportunities in this region. Our partnership with the Pro Unlimited team has demonstrated the ability to innovate agilely in the workforce management sector, and occupy a leadership position that we believe the company will continue to hold in the future.” Pro Unlimited CEO Kevin Ackroyd said: “I would like to thank the Investcorp team for their support, commitment and guidance over the past seven years. We are looking forward to the next stage and partnering with EQT and Harvest Partners, who have strong visions and network to help us achieve the next stage of growth and ambitions, to continue providing innovative solutions to the business sector.” “The sale of Pro Unlimited represents a very successful exit for Investcorp and our investors,” said Warren Knapp, CEO and Head of Investcorp’s Technology Driven Services Unit – Private Companies North America. Over the past seven years, Pro Unlimited has continued to cement its position as a leader in temporary workforce management. Through a combination of world-class customer services and the adoption of many new value-added solutions, Pro Unlimited has solidified its position as a leading player in this sector. We are proud of the role we have played throughout our partnership with her and hope that Kevin and the entire Pro Unlimited team will continue to succeed in the next phase of the company’s growth.” “We are proud of the progress Pro Unlimited has made over the past several years and look forward to the next phase of growth in this changing sector,” said Andrew Schwenthal, partner at Harvest Partners. The past 16 months have shown that having a professional partner in workforce management is integral to the success of any company, and the strengths of Pro Unlimited have helped the company to take a leading role in meeting the growing demands of this new reality.” He acted as an advisor for Investcorp, Pro Unlimited and Harvest Partners’ Sold Funds, William Blair and White & Case. The acquisition advisors for Harvest Partners Fund were Evercore Group LLC and Kirkland & Ellis. Follow the economic statement via Google News Print Whats App These were the details of the news Investcorp sells Pro Unlimited and Arrowhead for $4 billion for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new. It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
Harvest Partners LP Team
17 Team Members
Harvest Partners LP has 17 team members, including current Chief Financial Officer, Marc Unger.