Wellspring Hires Biz Development Pro

Wellspring Capital Management has hired Alexander Bues as the firm’s new head of business development.

Throughout his career, Mr. Bues has a track record of origination and execution of middle-market private equity investments across the healthcare, consumer, industrial, and services sectors. Prior to joining Wellspring, he was the head of business development for Westport, CT-based Balance Point Capital from 2018 to 2019. Before that, he was part of the investment team at Birmingham, AL-based New Capital Partners from 2015 to 2018, where he sourced, evaluated, and executed investments in technology and tech-enabled services businesses. Mr. Bues began his career with Stamford, CT-based Greenwich Associates, a strategy consulting firm. He has a BA in economics from Denison University and an MBA from Duke University.

“I am delighted to be joining Wellspring, a leading private equity firm recognized for its thoughtful approach to investing and track record of generating attractive returns,” said Mr. Bues. “I look forward to building upon Wellspring’s existing relationships and developing new relationships with investment banks, capital providers, and other deal participants.”

“We are very excited to have Alex on the Wellspring team,” said William Dawson, Jr., chief executive officer of Wellspring. “Alex will play an integral role in our effort to develop and strengthen our investment banking and capital markets relationships. His deal sourcing, evaluation, and deep capital markets experience will be critical as we continue to deploy capital into high-quality businesses. We will also look to Alex to bring his valuable insights to the table on the market and our existing relationships as it relates to our current portfolio.”

Wellspring invests in companies with $20 million to $100 million of EBITDA and $100 million to $1 billion of enterprise value. Sectors of interest include general industrial, business services, healthcare services, packaging, distribution, consumer, and restaurants. In January 2018, Wellspring closed its latest fund, Wellspring Capital Partners VI LP, at its hard cap of $1.4 billion. Wellspring, founded in 1995, is based in New York (www.wellspringcapital.com).

© 2019 Private Equity Professional | August 1, 2019

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