Fulcrum Equity Partners has held a closing of its second fund, Fulcrum Growth Fund II, LLC, with capital commitments in excess of $93 million, surpassing its target of $75 million. One of Fulcrum’s strategies is to recruit successful entrepreneurs to its investor group, and Fund 2 now has more than 90 current and former CEOs…...
Archives for February 1, 2013
Versa Forms Vestis Retail Group
Versa Capital Management has launched a new retail platform called the Vestis Retail Group which is comprised of two current Versa portfolio companies, Bob’s Stores and Eastern Mountain Sports. Bob’s Stores sells value-oriented footwear, apparel, work wear and accessories. Bob’s Stores was founded in 1954 and is based in Meriden, CT (www.bobstores.com). Eastern Mountain Sports…...
Grey Mountain Partners Adds Two New Investment Professionals
Grey Mountain Partners has added two new professionals to its investment team with the hiring of Brad Starkweather and Rick McKenzie. Mr. Starkweather joins Grey Mountain from US Renewables Group, a private equity firm specializing in alternative energy investments, where he was a Principal responsible for managing all aspects of due diligence and transaction execution. …...
The Carlyle Group Acquires Paradigm Precision
Dynamic Precision Group, a portfolio company of The Carlyle Group, has acquired Paradigm Precision Holdings, a provider of engineered components for turbine engines. Paradigm Precision is a manufacturer of a diverse range of turbine engine and other machined products ranging from close tolerance parts to multi-level, highly complex assemblies. The company serves the commercial aerospace,…...
Marlin Equity Partners Acquires Sycamore Networks
Marlin Equity Partners’ has completed the acquisition of Sycamore Networks, Inc.’s bandwidth management product and service business, and has re-launched the company as a new platform company under the name Sycamore Networks Solutions. Sycamore Networks Solutions is a provider of optical networking and multiservice access services that enable fixed line and mobile operators to improve…...
