Five Points Capital has made an undisclosed investment supporting LFM Capital‘s buy of Vektek. Based in St. Joseph, Missouri, Vektek is a maker of hydraulic clamps.
Five Points Capital, through BB&T Capital Partners Mezzanine Fund II, LP, invests subordinated debt and equity in support of the acquisition of Vektek by LFM Capital.
Headquartered in St. Joseph, Missouri with a manufacturing facility in Emporia, Kansas, Vektek is a market leading designer and manufacturer of hydraulic clamps and related products that are used to secure parts during the metal cutting process associated with CNC (Computer Numeric Control) machining. Vektek serves a loyal, highly diverse, and global customer base comprised of both end users and CNC fixture builders in a wide range of industries.
About Five Points Capital
Founded in 1997, Five Points Capital (“Five Points”) is a leading private equity manager, exclusively focused on the U.S. lower middle market. Five Points manages private equity, mezzanine and small buyout fund-of-funds strategies focused on supporting the capital needs of private, growth-oriented companies and financial sponsors. We make direct equity investments as the lead investor, or co-investor with other private equity groups, in control transactions of privately-held companies, we provide subordinated debt with equity co-investments in support of financial sponsors and others, and we invest in other private equity funds. Since inception, Five Points has managed over $1.2 billion in client committed capital, including the management of the BB&T Capital Partners funds. Five Points’ 23 member team is headquartered in Winston-Salem, NC and is an investment advisor registered with the U.S. Securities and Exchange Commission.
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