$284 million equity investment fund seeks distributors
May 10, 2004
Let the gains begin? After the drought of the past few years, the deal-making is picking up this month. A private equity firm with cash in its pocket and some history in distribution and manufacturing may help heat things up.
Pfingsten Partners, L.L.C., Deerfield, IL, closed its third equity investment fund with capital commitments of $284 million, exceeding its original target of $250 million. With Fund III capital, Pfingsten plans to build a diversified portfolio of eight to nine platform companies in middle market manufacturing, distribution and specialty publishing. Transaction values for Fund III platform companies will be $25 to $100 million for manufacturing and distribution companies, and $10 to $50 million for specialty publishing companies.