Simha Partners, an alternative investment firm specializing in multi-location and technology-enabled services, has officially closed its first fund, Simha Partners I, LP. The fund raised over $45 million in equity commitments, reaching its hard cap.
This achievement highlights the firm’s strong positioning within the investment community, attracting a diverse range of high-quality limited partners, including both institutional investors and family offices. Many of these partners have expressed interest in making substantial co-investments alongside the equity commitments of the fund.
Leading the firm is Anish Pathipati, a seasoned private equity investor with a robust background in the industry. Before founding Simha Partners, Pathipati gained valuable experience at Silver Lake Partners and most recently held the position of Managing Director at Periphas Capital. His expertise spans investments in technology-enabled companies, as well as consumer and business services sectors, positioning him well to guide the firm’s investment strategy.
Joining Pathipati are Tim O’Day and Narendra “Pat” Pathipati, two highly experienced executives. O’Day served as President and CEO of Boyd Group Services Inc., while Pat Pathipati was the Executive Vice President and CFO of the same organization. Boyd Group is recognized as a leader in the North American auto collision repair market, boasting more than $3 billion in annual revenue. Together, they bring decades of operational experience and a proven track record of executing and integrating numerous acquisitions, which will be invaluable as Simha Partners seeks to grow its portfolio.
Simha Partners has a clear focus: to make control investments in founder- and family-owned businesses. The firm emphasizes collaboration with outstanding management teams to enhance the companies it acquires. Its distinct business model combines the committed capital typical of private equity firms with the operational expertise of experienced corporate executives, alongside a builder’s mindset that encourages innovation and growth.
The inaugural fund specifically targets acquisitions and scaling within the tire and auto services industry. Simha Partners has crafted a detailed investment thesis identifying various opportunities for value creation in this sector.
This includes strategies for both organic growth and acquisition-driven growth, a commitment to operational excellence, and a focus on leveraging technology effectively. By concentrating its efforts in a single industry, Simha Partners underscores its dedication to the tire and auto services market and positions itself for significant impact and growth in the coming years.
Support: McGuireWoods served as fund counsel to Simha Partners.
KEY QUOTES:
“We are grateful for the trust and support of our exceptional limited partners. We see a compelling opportunity to build a category-leading platform in tire and auto services, and have developed an innovative fund structure to pursue it. We are excited to partner with management teams, families, and founders to drive transformational growth and generate enduring value in this space.”
Anish Pathipati, Founder and Managing Partner of Simha
“We have a unique appreciation for the management team’s perspective because we have previously been in their seats. We look forward to providing the patient capital and strategic support necessary to help companies achieve lasting success.”
Tim O’Day and Pat Pathipati, Partners of Simha
