Wellspring Capital Management

Wellspring Capital Management
Type Private
Industry Private equity
Founded 1995
Founder(s) Martin Davis[1], Greg Feldman
Headquarters New York, New York, United States
Products Leveraged buyout
Total assets $2.2 billion
Employees 4800
Website www.wellspringcapital.com

Wellspring Capital Management is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries.

The firm, which is based in New York City, was founded in 1995 by Martin Davis and Greg Feldman. Davis (1927-1999) was best known for his role in restructuring Gulf and Western Industries into Paramount Communications.[1] The firm has raised approximately $2.2 billion since inception across four funds. Wellspring completed fundraising on its fourth fund in 2005 with $1.0 billion of investor commitments[2] as a successor to its $665 million 2003 Fund III.[3]

Among the firm's most notable investments are: Performance Food Group[4][5], Lionel, Dave & Buster's[6] and Checkers.

Miscellaneous

The firm is not related to a Florida firm, Wellspring Capital, that was implicated in a ponzi scheme in 2004.[7]

References

  1. ^ a b Martin Davis, 72; Created Modern Paramount. New York Times, October 6, 1999
  2. ^ US Wellspring closes Fund IV on $1bn. AltAssets, November 30, 2005
  3. ^ US Wellspring Capital Management closes $665m fund. AltAssets, April 30, 2003
  4. ^ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
  5. ^ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal. AltAssets, January 18, 2008
  6. ^ Business Wire: Dec 9, 2005-Dave & Buster's, Inc. Agrees to Be Acquired by Wellspring Capital for $18.05 Cash Per Share
  7. ^ More Problems for Wellspring Capital. New York Times, February 29, 2004

External links

Private equity and venture capital investment firms
Investment strategy
History
Investors
Private equity firms · Venture capital firms · Portfolio companies