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Topspin LBO is a follow-on fund to Topspin Partners, LP a $213 million Long Island-based venture capital and buyout fund that was founded in August 2000 by Leo Guthart and Jim Simons. Prior to founding Topspin Partners, Leo spent 35 years as the CEO of the world's largest electronic security systems manufacturer and distributor, which he grew from a fledgling company into a multi-billion dollar enterprise. Jim Simons founded and runs Renaissance Technologies Corp., a private investment firm based on Long Island which currently has approximately $12 billion under management. |
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Topspin started its buyout practice in July 2001 with the acquisition of Terk Technologies, a manufacturer of branded antennas and other consumer electronics products. Since that time, Topspin I has completed three other buyouts, and successfully exited from two of its buyouts: Terk Technologies in July 2005 and Coastal Security Company, a security alarm monitoring company based in Florida, in November 2005. The other two companies that remain in Topspin I's buyout portfolio are The Tiffen Company, a manufacturer and distributor of photographic accessories, and Moose River Publishing, a trade publisher. |
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The Fund's offices are located in Roslyn Heights, New York, a Long Island business and residential community about 30 miles outside of New York City. While we invest in companies anywhere in the United States, we intend to actively pursue opportunities in the underserved Long Island market, leveraging our position as a leading Long Island-based buyout fund.
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