Wynnchurch Capital, a U.S. mid-market private equity firm with offices in Toronto and Montréal, has closed its fourth partnership, Wynnchurch Capital Partners IV LP, raising US$1.2 billion in total. The fund, which was launched in September with a target of US$900 million, was oversubscribed. Wynnchurch has made a number of investments in Canada, including current portfolio companies Calyx Transportation Group Inc, Groupe Moreau and Pro-Fab Group Inc. In 2013, Wynnchurch sold Saskatoon, Saskatchewan-based NSC Minerals Ltd to Altas Partners.
Wynnchurch Capital Raises $1.2 Billion for Fourth Private Equity Fund
November 11, 2014
CHICAGO–(BUSINESS WIRE)–Wynnchurch Capital announced the closing of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P. at $1.2 billion of limited partner commitments.
The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014.
“We are delighted with the level of support from our existing investors and welcome a select group of new investors,” said John Hatherly, Managing Partner of Wynnchurch. “The successful fundraise represents a strong endorsement of our team, our track record, and our value oriented investment approach.”
Wynnchurch has been successfully investing in middle market companies for the past 14 years and was recently recognized by Preqin as one of the most consistently performing private equity funds, with all three of Wynnchurch’s prior funds delivering top quartile performance. Frank Hayes, Partner, stated that “Preqin’s recognition is a testament to our disciplined investment strategy and passion for operational excellence that has enabled Wynnchurch to generate above market returns regardless of the economic environment.”
Terry Theodore, Partner, who leads Wynnchurch’s investment activities in Detroit, added that “our hands-on approach has been particularly well received in complex situations where Wynnchurch is able to devise innovative financial and operational solutions.”
Wynnchurch has closed four private equity funds since 2000 and has more than $2.3 billion of capital under management. Fund IV investors include state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.
Law firm Kirkland & Ellis LLP represented Wynnchurch Capital. The Private Fund Group of Credit Suisse Securities (USA) LLC served in an advisory capacity with respect to the private placement.
About Wynnchurch Capital: Wynnchurch Capital, headquartered in the Chicago suburb of Rosemont, Illinois with offices in Detroit, Toronto, and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value-added distribution. Wynnchurch manages a number of private equity funds with capital under management in excess of $2.3 billion, specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. For more information, please visit: www.wynnchurch.com.
John Hatherly, (847) 604-6102
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