Ryan Dowd promoted to
Partner; Blake Briscoe promoted to
Vice President; Thomas Kingshott
promoted to Senior Associate
NEW
YORK, July 29, 2024 /PRNewswire/ -- Wellspring
Capital Management Group LLC ("Wellspring") a leading New York-based middle market private equity
firm, announced the promotion of Ryan
Dowd to Partner, Blake
Briscoe to Vice President and Thomas
Kingshott to Senior Associate. The promotions follow an
extremely active first half of 2024, which has included:
- The consummation of a $975mm multi-asset continuation fund in
partnership with Lexington Partners, Neuberger Berman, Hamilton
Lane and AltamarCam to acquire three assets, Supply One, Cadence
and Pentec Health from Wellspring Capital Partners VI, L.P ("Fund
VI")
- The formation of a ~$120mm single asset continuation fund led
by NorthSands Capital to acquire the interest of several Supply One
legacy co-investors
- Two platform investments in the multi-unit franchisor and
fitness sectors, representing approximately $210mm of aggregate
invested capital from Fund VI
- Three dividend transactions resulting in the distribution of
approximately $300mm of capital and completion of the sale of
AirSwift from Wellspring Capital Partners V, L.P. to a financial
sponsor
Wellspring specializes in middle-market control investments in
the U.S. primarily in the healthcare, packaging and business
services sectors. The firm is fully owned and led by its four
managing partners Alexander Carles, John Morningstar, Matthew Harrison and Naishadh Lalwani. The firm (together with its
predecessor) has raised over $5.6
billion across eight private equity funds and has completed
over 45 platform investments since 1995.
About Wellspring Capital Management Group LLC
Wellspring Capital Management is a leading private equity firm
headquartered in New York.
Wellspring's objective is to bring partnership, experience and
value creation to each investment. By teaming up with strong
management, Wellspring seeks to unlock underlying value and pursue
new growth opportunities through strategic initiatives, operating
improvements and add‐on acquisitions. The firm functions as a
strategic partner, providing management teams with top‐line
support, M&A experience, financial expertise and access to
resources. For additional information, please visit
www.wellspringcapital.com
Media Contact:
Jeffrey Gould
jgould@wellspringcapital.com
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SOURCE Wellspring Capital Management Group LLC