Wellspring Capital Management
 | |
| Private | |
| Industry | Private equity |
| Founded | 1995 |
| Founder | Martin Davis,[1] Greg Feldman |
| Headquarters |
Lever House New York, New York, United States |
| Products | Leveraged buyout |
| Total assets | $2.2 billion |
Number of 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
- ↑ 1.0 1.1 Martin Davis, 72; Created Modern Paramount. New York Times, October 6, 1999
- ↑ US Wellspring closes Fund IV on $1bn. AltAssets, November 30, 2005
- ↑ US Wellspring Capital Management closes $665m fund. AltAssets, April 30, 2003
- ↑ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
- ↑ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal. AltAssets, January 18, 2008
- ↑ Business Wire: Dec 9, 2005-Dave & Buster's, Inc. Agrees to Be Acquired by Wellspring Capital for $18.05 Cash Per Share
- ↑ More Problems for Wellspring Capital. New York Times, February 29, 2004
External links
- Wellspring Capital Management (company website)
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