Centre Lane Closes Fourth Fund

Centre Lane Closes Fourth Fund

centert lane capital nf1Centre Lane Partners has held a final closing of Centre Lane Partners IV, LP with $337 million of capital commitments.

Centre Lane makes debt and equity investments of $5 million to $50 million in North American middle market companies that have revenues from $20 million to $500 million. The firm will consider both control and minority investments. Centre Lane invests across a range of industries and is effectively industry agnostic.

saladworksRecent transaction activity for Centre Lane includes the September 2015 add-on acquisition by Crown Brands of Co-Rect Products, a Minneapolis-based designer and distributor of commercial barware to the foodservice industry (www.co-rectproducts.com); the June 2015 buy of Philadelphia-based Saladworks, a fresh-tossed salad restaurant chain (www.saladworks.com); the May 2015 acquisition of Waco-based Easy Gardener Products, a distributor of lawn and garden products (www.easygardener.com); and the March 2015 sale of South Bend-based CLP Towne (www.towneair.com), a provider of  trucking  services between airports, to Forward Air Corporation. Centre Lane acquired CLP Towne in November 2010.

Centre Lane is led by its four managing directors – Quinn Morgan, Kenneth Lau, David Kreilein, and Mayank Singh – and is headquartered in New York (www.centrelanepartners.com).

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-16-16

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