PWP Growth Equity has made an investment in Delphon Industries, a manufacturer of device protection and adhesive products.
Founded in 1982, Delphon is a provider of materials used with high-value semiconductor, optoelectronics, data storage, and medical components. Delphon’s products are used to protect fragile devices, minimize contamination in critical environments and provide precision product markings. The company’s Gel-Pak, TouchMark, and UltraTape divisions, along with a worldwide sales and distribution network serve a range of markets including semiconductor, optoelectronics, data storage, medical, aerospace, defense, and telecom.
Delphon, led by CEO Jeanne Beacham, is headquartered near San Francisco in Hayward, CA with additional operations near Portland in Wilsonville, OR (www.delphon.com).
“Our partnership with PWP Growth Equity will allow us to invest in our team and operations, and accelerate our new product development in the E-Film market, while we continue the strong growth that has become a hallmark of the company over the past 10 plus years,” said Ms. Beacham. “PWP Growth Equity brings vital experience in managing rapidly growing companies, and we are excited to partner with their team.” Delphon manufactures stretchable films (E-Film) that are used in a range of applications in the medical and electronics industries. E-Film products are ideal for printed, wearable and flexible hybrid electronic applications.
“We are excited to partner with Jeanne and the entire Delphon team,” said Henry Heinerscheid, a Managing Director of PWP Growth Equity. “The company’s long-tenured and impressive management team has built an incredible business that is well-positioned to capitalize on the strong growth taking place in Delphon’s markets. Delphon has developed deep, long-standing customer relationships with the industry’s key players, and we look forward to working with them to achieve their growth ambitions while they continue to provide innovative solutions to a growing client base.”
PWP Growth Equity is the middle market private equity group of Perella Weinberg Partners and is co-managed by partners David Ferguson and Chip Baird. The group manages private equity funds with total commitments of $1.35 billion and makes both minority and control investments of $25 million to $100 million in growth-oriented, lower middle market companies that are active in the consumer, industrial and services sectors. PWP Growth Equity is based in New York (www.pwpgrowthequity.com).
Lincoln International was the financial advisor to Delphon on this transaction.
© 2018 Private Equity Professional | January 12, 2018
