Stripes Group
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| Private | |
| Industry | Private Equity, Growth Equity |
| Founded | 2003 |
| Founder | Ken Fox |
| Headquarters |
402 West 13th Street New York, New York, U.S |
| Products | Growth capital, Recapitalizations |
| Website | www.stripesgroup.com |
402 West 13th Street
Stripes Group is a private equity and venture capital firm based in Manhattan, New York, founded in 2003.
Stripes Group invests primarily in:
Stripes Group focuses on acquiring well-developed start-ups, and makes $10–100 million investments in small companies. Stripes Group currently has $1.5 billion of assets under management, and 18 investments. The firm's portfolio investments include Blue Apron, Seamless and Refinery29.
Stripes Group was founded by Kenneth Allen “Ken” Fox, an entrepreneur and investor who was born in Philadelphia, Pennsylvania. In 2000, Fox was recognized as Ernst & Young's Entrepreneur of the Year.
Though Fox has started out as an investment banker at Goldman Sachs, he left his position in 1994. Since, Fox has founded various companies, including Internet Capital Group, ICG Asia, Syndero, A10 Capital, Sentinel Fund, and Stripes Group. Fox has also led investments in over 35 companies and taken two companies he started public. In 1999, Internet Capital Group, a publicly traded venture capital firm that Fox had co-founded, had a market capitalization of nearly $60 billion.
Stripes Group specializes in emerging growth, growth equity, add-on acquisitions, middle market, stand alone investments, divestitures, management buy-ins, buyouts, take-private transactions, late venture, later stage, industry consolidation, recapitalizations, and more. Stripes Group uses various "M&A" (mergers, acquisitions and joint ventures) strategies as solutions for portfolio companies that seek to increase shareholder value or reduce shareholder risk, In addition, the firm looks for relatively mature companies that are looking for capital to expand or restructure, enter new markets, or finance a significant acquisition of another company without a change of control of the business.
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