Harren Equity looks to expand deal team; $25k referral fees?

Charlottesville, Virginia-based LBO specialist Harren Equity Partners wants to add associates and senior associates to its investment team as its raises a successor to its $275 million third fund, Private Equity Career News has learned.

In these roles you would divide your time between sourcing, executing and structuring new platforms. You’d also assist the portfolio support teams. Applicants should have one to five years of experience in private equity, investment banking, lending or consulting; both pre-MBA and post-MBA candidates will be considered, according to this Linkedin post.

Partner George McCabe wrote in a November LinkedIn post that anyone who refers a candidate that gets hired for the two associate positions open at the time would receive a $25,000 fee. We were unable to reach him at press-time for additional details.

Harren Equity Partners, which lists 12 employees on its Web site, acquires lower-middle-market companies operating in manufacturing, distribution, industrial services, healthcare services and business & technology services. It favors North American companies generating EBITDA of $7 million-30 million on $30 million-300 million in revenues.

The firm closed its third fund in 2013 at an oversubscribed $275 million, which it then invested in nine companies. These include IT services company Velosio, MedPro Healthcare Staffing, and Virginia Tile Company. The firm has exited five of its fund III investments.

The predecessor fund, the $200 million Harren Investors II, produced a 1.0x investment multiple for backer California Public Employees’ Retirement System as of June 30, according to data from CalPERS. CalPERS describes the fund as vintage 2008.

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