Mangrove recently partnered with the management team of APR to effect a majority recapitalization of this leading producer of software and hardware systems to boost the performance of Volkswagen Auto Group (VAG) cars. APR makes performance products for Audi, Volkswagen, SEAT, Skoda and Porsche. Mangrove was attracted to APR because of its niche-dominant position, its talented team, and APR’s history of creating quality-leading performance enhancing tuning products. The Mangrove team has enjoyed considerable successes in the auto aftermarket and with other enthusiast-driven consumer product companies, and we are excited to continue that success with APR.
Mangrove’s internal operating team will work collaboratively with the folks at APR to optimize operating efficiency, profitability, and growth, while preserving APR’s outstanding commitment to quality and the satisfaction of its customers.
Mangrove Equity Partners: More Than the Commodity of Cash. The Mangrove team works hard to be your go-to private equity fund in the lower middle market by leveraging our extensive experience (127 deals across 55 industries) to make decisions and get deals done. Mangrove’s three-man internal operating team affords us an ability to leverage their extensive experience working closely with our portfolio company partners to overcome hurdles to growth, and optimizing shareholder value.
The Mangrove team has exemplified an attitude and practice of partnership with our deal sources over the past 25 years. We roll up our sleeves and work with intermediaries to do what is necessary to move good deals forward, even in the face of company or deal complexity. If an opportunity is not a fit for Mangrove’s criteria, we endeavor to provide accurate and helpful suggestions as to who may have a pointed interest. Our goal is to help our deal sources get their deals done and accordingly, become their go-to fund in the lower middle market. We hope to have the pleasure of working closely with you.