Canadian private equity firm Fulcrum Capital Partners has made an equity investment in GI Group, a manufacturer and distributor of paintballs, markers and other paintball products headquartered in Montréal. The amount of the investment was not published. GI Group, which has leveraged its capacity for softgel encapsulation for other products, will use deal proceeds to facilitate its continued growth. Fulcrum Capital’s investment was the first to be made by its latest mid-market fund, Fulcrum Capital Partners V LP. As reported by peHUB Canada, Fund V raised $180 million of its $300 million target in December 2014. The firm said capital committed to the fund now totals $205 million.
Fulcrum Capital Partners Announces Equity Investment in GI Group
GI Group (“GI” or the “Company”) is the leading global manufacturer and distributor of paintballs, markers and other paintball products. The Company has also leveraged its expertise in softgel encapsulation to a wide range of industries including consumer products, nutritional and pharmaceuticals. The Company is currently licensed by Health Canada to manufacture nutritional products. GI is headquartered in Montreal, Quebec, with manufacturing facilities in Montreal and Fort Wayne, Indiana, and a network of distribution centers across North America and Europe.
Fulcrum Capital Partners has partnered with the existing management team to provide growth capital to support the rapid and continued growth of the Company. The investment was made by Fulcrum Capital’s Private Equity Fund V and marks the first investment in that fund. Fulcrum Fund V recently completed a first close at $205 million, and is expected to achieve a final close at $300 million in the first half of 2015. Fulcrum Capital Partners manages over $675 million through three private equity funds and a portfolio of mezzanine investments. Fulcrum Capital’s investments typically support management buyouts, acquisitions, going private transactions, leveraged buyouts, corporate growth and financial restructurings.
Source: Fulcrum Capital Partners
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