New York-based Cortec Group has held a final closing of Cortec Group Fund VI, LP with $1.1 billion of capital commitments. “We are very pleased to announce that after approximately two months of fundraising-related meetings we completed the Cortec Fund VI raise, hitting our hard cap,” said Dave Schnadig, a Cortec Managing Partner. Cortec invests […]
Archives for May 27, 2015
ClearPoint Expands Investment Team
ClearPoint Investment Partners – an investor in lower middle-market business services and financial processing companies – has hired Taimur Shaikh as Principal and Joseph Velli, a financial services and technology executive, as the firm’s sixth Operating Director. “These additions to the team reinforce our strategy to serve as a valuable partner to management through deep […]
Rippowam Launched into Health and Wellness Sector
Rippowam Partners has been launched by Peter Weinbach and Graham Anderson to pursue investments in the healthy living and wellness sectors. Rippowam targets companies that have annual revenues between $10 million and $100 million and EBITDAs from $2 million to $10 million. Specific areas of interest include food and beverage; health and beauty; active life […]
Maranon Leads Mezzanine of Health & Safety Institute
Maranon Capital provided a mezzanine investment and an equity co-investment to support the recent acquisition of the Health & Safety Institute (HSI) by The Riverside Company. HSI is a provider of health and safety training and compliance services. Sectors served include emergency care (CPR, first aid, blood-borne pathogens), workplace safety, professional responder (firefighters, EMTs, paramedics, […]
Swander Pace Exits Applegate
Swander Pace Capital has sold its minority investment in Applegate, a natural and organic meat company, to Hormel Foods. The transaction, including the ownership interest of Applegate founder Stephen McDonnell, is valued at $775 million. Swander Pace first invested in Applegate in April 2009. “We have enjoyed working with Stephen and the rest of his […]
GenNx360 Adds On Majestic Industries
Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners, has acquired automotive die manufacturer Majestic Industries. Majestic is a manufacturer of progressive and transfer dies used for stamping automotive parts. The company designs, engineers, builds, and tests dies for both automotive original equipment manufacturers and Tier 1 automotive suppliers. Majestic was founded by Al […]