Wellspring Capital Management
Summary
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. 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 as a successor to its $665 million 2003 Fund III.Among the firm's most notable investments are: Performance Food Group, Lionel, Dave & Buster's and Checkers.The firm is not related to a Florida firm, Wellspring Capital, that was implicated in a ponzi scheme in 2004..
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Wellspring Taking Omni Energy Private
Wellspring Capital Management has agreed to acquire OMNI Energy Services Corp. (Nasdaq: OMNI), a Carencro, La. -based provider of services and seismic services to the domestic oil and gas industry. The deal is valued at $122 million, including the assumption of debt, or $2. 75 per outstanding share.
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Dave & Buster's Buyout Closes
Oak Hill Capital Partners is a private equity firm with more than $8. 2 billion of committed capital from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Robert M. Bass is the lead investor. Over a period of more than 24 years, the professionals at Oak Hill Capital Partners and its predecessors have invested in more than 60 significant private equity transactions.
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TMS International Files for $150 Million IPO
TMS International Inc. , a Glassport, Penn. -based provider of outsourced industrial services to steel mills, has filed for a $150 million IPO. it plans to trade on the NYSE under ticker symbol TMS, with Boa Merrill Lynch, Credit Suisse and J. P. Morgan serving as co-lead underwriters.
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WSJ: Oak Hill Buying Dave & Buster's from Wellspring Capital
PHILADELPHIA (Reuters) - Oak Hill Capital Partners plans to acquire Dave & Buster’s Inc for $570 million from Wellspring Capital Management, according to The Wall Street Journal. The chain, which combines restaurants with video games arcades, had been taken private in 2006 by Wellspring for about $257 million in cash plus debt, the newspaper reported in its online edition.
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