Spell Capital Equity Partners is pleased to announce the closing of Spell Capital Partners Fund V, LP, a $68.0 million private equity fund focused on the buyout of industrial manufacturing businesses. Fund V has acquired its first three platform investments and is actively seeking additional investment opportunities.
Bill Spell, President and Founder, stated, “It’s an exciting time for Spell Capital; Fund V was 35% oversubscribed.”
Spell Capital is celebrating our 29th anniversary as a firm, and our current equity buyout Fund V will allow us, and our partners, to capitalize on our niche in the lower middle market which continues to bring us unique investment opportunities. In addition, our first mezzanine vehicle, Spell Capital Mezzanine Partners SBIC LP, closed on its 25th investment during 2016.
About Spell Capital Partners
Spell Capital is a manager of private equity and mezzanine capital based in Minneapolis, Minnesota – www.spellcapital.com
Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. We use our deep expertise in acquisitions and financing to collaborate with management and grow the business in which we invest – both internally and through add-on acquisitions.
Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.