Doug Karp, a Tailwind Capital managing partner, has left the firm as it looks to raise a second fund. It’s unclear why he departed.
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Tailwind Capital, which spun off from Thomas Weisel Partners in 2006, is expected to begin fundraising for its second pool in early 2013, sources tell peHUB. The New York-based firm raised $775 million with its inaugural fund in 2008.
Tailwind Capital’s sale of Archway Marketing last week generated 2.8x multiple of invested capital.
Investcorp has acquired Rogers, Minnesota-based Archway Marketing Services, a provider of marketing logistics and fulfilment services in North America, for approximately $300 million. Archway was acquired from an investor group led by Tailwind Capital, Black Canyon Capital and members of the management team. PRESS RELEASE Investcorp, the alternative investments specialist, announced today its acquisition of [...]
Archway, which is backedy Tailwind Capital and Black Canyon Capital, has acquired Synq Solutions. Financial terms weren’t announced. Synq provides marketing fulfillment and print management services with operating facilities in the Atlanta and Las Vegas metropolitan areas. PRESS RELEASE Archway, a leader in marketing logistics and fulfillment services, announced today that it has acquired Synq [...]
Archway, which is backed by Tailwind Capital and Black Canyon Capital, has acquired Synq Solutions Inc., a provider of marketing fulfillment and print management services. Terms of the deal were not released. Archway is a provider of marketing logistics and fulfillment services. PRESS RELEASE Archway, a leader in marketing logistics and fulfillment services, announced today [...]
Tailwind Capital has refinanced VersaPharm’s $30 million debt. Madison Capital Funding provided a senior credit facility as part of the deal. VersaPharm, of Marietta, Ga., is a generic pharmaceutical company backed by Tailwind.
The New Year seems bright for Tailwind Capital which recently completed the sale of Trover Solutions and acquired two other companies.
In late December, Tailwind sold Trover to ABRY Partners. Tailwind, a New York PE firm, received $60 million at the close, according to a Jan. 7 letter to LPs obtained by peHUB. Tailwind expects to receive another $7 million in future escrow distributions, the letter said. Tailwind has also realized $45 million in dividends from Trover via debt recaps in 2005 and 2007.
Tailwind Capital has acquired Apex Companies, a Rockville, Md.-based national water resources and environmental services firm. Financial terms weren’t announced. Apex management also has a stake. Madison Capital, NewStar Financial and Churchill Financial provided financing. Tailwind is a PE firm.