May 29, 2015
MSouth Closes New Private Equity Fund
Atlanta, GA (May 29, 2015) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its latest fund. MSouth Equity Partners III, L.P. has been formed with $584 million of committed capital, which exceeded the target of $500 million. Fund III follows MSouth's first two funds which have more than $700 million of committed capital in total and closed in 2009 and 2012, respectively.
"We are thrilled with the successful raise of Fund III. We have a terrific base of existing investors who have consistently supported us across multiple funds. We are pleased to add to this group a number of new, blue-chip names for us," said Mike Long, an MSouth Partner. "With their strong support, we will pursue the same investment strategy that has worked well for our investors over the years. We are excited about the opportunities ahead of us and look forward to the new partnership.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $150 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution, specialty manufacturing and telecommunications/media companies. With $1.3 billion under management across three funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.