Anish Pathipati launched Simha Partners after years in private equity and raised $45 million for its first fund, which was oversubscribed. The fund will invest all capital to build a single business focused on the tire and auto-repair sector. Pathipati recruited two experienced operational partners: his father, Narendra "Pat" Pathipati, and Tim O'Day, both with decades of auto-collision experience at Boyd Group and Gerber Collision & Glass. O'Day's tenure coincided with a 100x increase in Boyd's stock price. The strategy pairs operational growth expertise with Pathipati's technology investing background.
"He's also trying something different, investing all of the capital in the fund to build a single business in a single sector: tire and auto repair. Unlike search funders who look to buy a blue-collar business after working in corporate or investment roles, Pathipati will have plenty of help from his two other partners: Pathipati's father, Narendra "Pat" Pathipati, and another close family friend, Tim O'Day,"
"Anish Pathipati spent years honing his skills as a private equity investor, and now, he's decided to "hang out a shingle," launching his own fund, Simha Partners. The last time we spoke to Pathipati for our 2018 Wall Street Rising Stars series, he was a director at North Island, a private equity firm founded by Glenn Hutchins, a cofounder of Silver Lake."
"O'Day and the senior Pathipati rose to CEO and CFO of Boyd Group Services, the parent company of auto collision market leader Gerber Collision & Glass. From when O'Day became president of US operations for Gerber Collision & Glass in September 2008 to when he retired over the spring, Boyd's stock price had grown 100 times."
Read at Business Insider
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