BRADENTON, Fla.--(BUSINESS WIRE)--Sator Grove Holdings, LLC, a permanent capital investor helping some of the world’s leading company builders attain the extraordinary, is pleased to announce the completion of a $125 million follow-on capital raise. The issue was fully subscribed and included a strong uptake from existing Sator Grove shareholders as well as the addition of a select set of new shareholders, most of whom themselves are iconic investors and business leaders. Sator Grove management also participated in the issuance on a super pro-rata basis.
Sator Grove is a private holding company with a total capital base of approximately $440 million. Proceeds from this raise are likely to be deployed over time into a mix of existing Sator Grove companies and platforms as well as new projects that meet the Company’s thresholds of quality, duration and mutual trust.
“We’re grateful to our campfire crew of shareholders who, in addition to their capital, provide us and our companies with vital domain expertise, invaluable mentorship and an unlimited time horizon,” said Rick Buhrman of Sator Grove. “Our shareholders have built companies with a collective enterprise value well in excess of $500 billion. As important, they are all grovey individuals whom we like, trust and admire. This community is our secret weapon as we pursue our mission of helping to reshape commerce through our flourishing ecosystem rooted in love and excellence, a most powerful alchemy.”
At a historic inflection when many investors are disoriented or overextended, this additional capital, along with an already strong balance sheet, equips Sator Grove with the resources to continue serving exceptional entrepreneurs and investors who are working to usher in a better, brighter future.
“We treasure our partnership with Sator Grove,” said Julian Flannery, CEO of Summus Global, the leading virtual specialty care platform in the world. “The quality of their shareholder base and the duration of their capital is, in my opinion, unrivaled. As our largest outside investor, Sator Grove confers a tremendous advantage to us as we continue to define the virtual specialty care category and restore human connection in healthcare.”
Na’ama Moran, CEO of Cheetah, added, “The Sator Grove ethos aligns perfectly with our mission to reimagine how technology, operational excellence and care for customers can transform the supply chain for independent restaurants. We have been beneficiaries of the full force of the Grove’s ecosystem and we are proud that they are one of our largest shareholders. Their long-term orientation, permanent capital base and wide-ranging set of relationships have all acted as a powerful underpinnings to our strategic decision-making process as we aim to grow our business meaningfully in the years to come.”
Paul Buser of Sator Grove added, “Epochs of elevated change and uncertainty produce even greater opportunities to build and nurture exceptional companies for those with unconstrained time horizons. Mission critical businesses like Summus and Cheetah delivering a higher quality offering while driving productivity gains and reducing costs are even more vital in such environments. More than just capital providers, we’re committed to doing everything we possibly can to serve our company builders and help them achieve their ambitious dreams.”
About Sator Grove Holdings:
Sator Grove Holdings is a private holding company based in Bradenton, Florida. With a vision to create a thriving ecosystem rooted in love and centered upon excellence in company building, Sator Grove does this by providing enduring capital and anything else it can to enable its partners to achieve their full potential. In doing so, they seek to invert the traditional relationship between shareholders and companies. The essence of Sator Grove is first a flourishing community that seeks to do good together and second an investment firm. Sator Grove's shareholders include numerous world-class company CEOs and investors, and together, Sator Grove's aim is to 'sow good seeds' that grow into win-win outcomes for all constituents, including society and future generations.
