Wellspring Capital Management
Encyclopedia
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
.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm focused on leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
investments in middle-market companies across a range of industries.
The firm, which is based in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, 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
Gulf+Western
Gulf and Western Industries, Inc., for a number of years known as Gulf+Western, was an American conglomerate.- History :Gulf and Western's prosaic origins date to a manufacturer named Michigan Bumper Co. founded in 1934, though Charles Bluhdorn treated his 1958 takeover of what was then Michigan...
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
Performance Food Group
Performance Food Group Company is a company that was founded in 1875. Headquartered in Richmond, Virginia, United States, the company distributes a range of food products....
, Lionel
Lionel, LLC
Lionel, LLC is a designer and importer of toy trains and model railroads, based in Chesterfield Township, Michigan. Its roots lie in the 1969 purchase of the Lionel product line by cereal conglomerate General Mills....
, Dave & Buster's
Dave & Buster's
Dave & Buster's is an American restaurant and entertainment business headquartered in Dallas, Texas. Each D&B has a full-service restaurant and a video arcade. As of July 1, 2009, the company had 57 locations across the United States and two in Canada. The company also licenses the D&B concept...
and Checkers
Checkers (fast food)
Checkers Drive-In Restaurants, Inc. is the largest chain of double drive-thru restaurants in the United States. In June 2006, the Company went private through a merger with Taxi Holdings Corp., an affiliate of Wellspring Capital Management, a private equity firm.The company operates more than 815...
.
Miscellaneous
The firm is not related to a Florida firm, Wellspring Capital, that was implicated in a ponzi scheme in 2004.External links
- Wellspring Capital Management (company website)