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Wellspring Capital Management is an American private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries.
 | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1995 |
| Founder | Martin Davis,[1] Greg Feldman |
| Headquarters | 605 Third Avenue, New York, New York, United States[2] |
| Products | Leveraged buyout |
| Total assets | $4.4 billion[3] |
| Website | wellspringcapital.com |
The firm, which is based in New York City, was founded in 1995 by Martin Davis and Greg Feldman. Wellspring brought its assets under management to more than $6.4 billion as of January 2018.[4] Wellspring completed fundraising on its sixth fund in 2018 with $4.45 billion of investor commitments as a successor to its $2.2 billion 2011 Fund V.[3] Branching out from its investments in healthcare, Wellspring acquired Cadence petroleum Group in 2020 for a price of $2.2 billion. Cadence petroleum group specializes in lubrication for commercial, automotive, and industrial applications and has reported revenues of $1.3 billion. Wellspring has acquired 3 stand alone subsidiaries in the years between 2017 and 2020
Wellspring focuses on the packaging, healthcare, niche manufacturing and distribution sectors.[5][6]
References
edit- ^ Martin Davis, 72; Created Modern Paramount. New York Times, October 6, 1999
- ^ Gourarie, Chava (February 4, 2019). "Financial Firm Wellspring Capital to Take Penthouse at 605 Third Avenue". Commercial Observer. Retrieved 17 June 2022.
- ^ a b "Wellspring Capital Management taps $1.45bn Fund VI for Cadence Petroleum Group buyout". AltAssets. October 9, 2020. Retrieved 17 June 2022.
- ^ McNulty, John (January 10, 2018). "Wellspring Hits Fund VI Hard-Cap". Private Equity Professionals.
- ^ "SupplyOne Acquires Fellow Packaging Distributor Romanow Container". Industrial Distribution. January 3, 2022.
- ^ "Healthcare & Life Sciences Private Equity Deal Tracker: Wellspring Acquires Pentec Health". JD Supra. October 12, 2021.
External links
edit- Wellspring Capital Management (company website)
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