PLEASANT BAY CAPITAL PARTNERS, LLC

Thesis

Pleasant Bay Capital Partners, LLC is a private equity firm founded in 2012 and based in Boston, MA. They focus on the lower-middle market, targeting founder-owned and family-run businesses for acquisitions, recapitalizations, and minority investments. The firm operates as a generalist PE manager but strategically focuses on specific sectors including Healthcare and Life Sciences (services, HCIT, medical contract manufacturing, pharma services, specialty distribution, payer services, life science tools), Technology (software and tech-enabled services), Business Services, Industrial Products & Services, Consumer, and Government Technology. Their investment thesis targets companies with minimum revenue of $10 million and EBITDA between $2 million and $20 million. Pleasant Bay Capital Partners employs an opportunistic investment strategy, utilizing flexible deal structures such as preferred equity, mezzanine financing, and combinations thereof for both control and minority positions. They invest across North America, with a strong emphasis on the United States, and actively partner with management teams and co-investors. The firm manages approximately $212.9 million in private fund assets, with typical investment sizes ranging from $2 million to $50 million.

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