Wellspring Capital Management
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Type | Private |
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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 |
Website | www.wellspringcapital.com |
Wellspring Capital Management is an American 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]
Wellspring focuses on the packaging, healthcare, niche manufacturing and distribution sectors.[4][5]
Among the firm's most notable investments are: Performance Food Group,[6][7] Lionel, Dave & Buster's[8] and Checkers.
In 2015 the firm acquired Bellwether Behavioral Health, a troubled for-profit group home operator that has faced challenges in Maryland,[9] New Jersey,[10] and Florida.[11]
References[]
- ^ a b 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
- ^ "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.
- ^ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
- ^ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal Archived 2008-06-11 at the Wayback Machine. 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
- ^ Maryland Sues Notorious For-Profit Group Homes. The Company Was the Subject of ProPublica Investigation. by Heather Vogell July 12, 2019]
- ^ 'Loved ones’ lives at stake': NJ residents face uncertainty as Bellwether ousted from 62 group homes
- ^ Suit alleges more abuse of disabled people at Carlton Palms as facility prepares to close
External links[]
- Wellspring Capital Management (company website)
- Financial services companies established in 1995
- Private equity firms of the United States
- Investment companies based in New York City
- United States private equity firm stubs