-

Gemspring Capital Closes Its Second Fund With $750 Million

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, a lower middle-market private equity firm, announced the formation of its second fund, Gemspring Capital Fund II (“Fund II”), with $750 million of capital commitments.

Gemspring secured commitments for Fund II from a globally diversified investor base comprised of leading endowments, foundations, family offices, consultants, insurance companies, pension plans and funds of funds. Each of Gemspring’s institutional investors from its first fund, which closed in 2016, committed to Fund II.

Acalyx Advisors Inc. served as exclusive placement advisor and Kirkland & Ellis LLP served as legal counsel.

About Gemspring Capital

Gemspring Capital, a Westport, Connecticut-based private equity firm with $1.1 billion of capital under management, provides flexible capital solutions to lower middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the business services, distribution and logistics, financial and insurance services, healthcare services, industrial services, software and tech-enabled services or specialty manufacturing sectors. For more information, visit www.gemspring.com.

Contacts

Bret Wiener
bret@gemspring.com

Industry:

Gemspring Capital

Release Versions
English

Contacts

Bret Wiener
bret@gemspring.com

More News From Gemspring Capital

Gemspring Capital Announces Sale of Therma Holdings

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, a middle-market private equity firm, announced today that private equity funds managed by Blackstone Energy Partners (collectively, “Blackstone”) have entered into a definitive agreement to acquire one of Gemspring’s portfolio companies, Therma Holdings, LLC (“Therma”). Therma is a leading specialty mechanical, electrical and controls services company focused on designing, building, and servicing complex systems in mission-critical facilities...

Shrieve Chemical Company Acquires Assets from CLP Chemicals

THE WOODLANDS, Texas--(BUSINESS WIRE)--Shrieve Chemical Company (“Shrieve”) announced today that it has acquired the styrene business unit and other assets from CLP Chemicals (“CLP”), a market-leading industrial chemical distributor based in Houston, Texas. Founded in 1991 and led by Chris Parker and John Spence, CLP specializes in distribution of styrene, acrylates, acetic acid, glycerin and other niche chemicals. CLP will retain and continue to operate its glycerin business unit. “With its co...

Gemspring Capital Adds to Team With Three Strategic Hires

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, a middle-market private equity firm, announced today that they have recently added three senior team members, Michael Fan, Brad Liff, and Jack Tucker. Michael Fan, a Principal, is focused on investments in Software. Michael has more than a decade of experience in sourcing and executing transactions in the technology sector and joins Gemspring from Rubicon Technology Partners. He has also held private equity roles at York Capital and Bain Capi...
Back to Newsroom