Wellspring Capital Management

Wellspring Capital Management

Type	Private
Industry	Private equity
Founded	1995
Founder	Martin Davis,[1] Greg Feldman
Headquarters	Lever House New York, New York, United States
Products	Leveraged buyout
Total assets	$2.2 billion
Number of employees	4800
Website	www.wellspringcapital.com

Wellspring Capital Management is an American 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.^[1] 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^[2] as a successor to its $665 million 2003 Fund III.^[3] The current CEO of Wellspring is William F. Dawson, Jr.^[4]

Among the firm's most notable investments are: Performance Food Group,^[5][6] Lionel, Dave & Buster's^[7] and Checkers.

Miscellaneous

The firm is not related to a Florida firm, Wellspring Capital, that was implicated in a ponzi scheme in 2004.^[8]

References

1. Martin Davis, 72; Created Modern Paramount. New York Times, October 6, 1999
2. US Wellspring closes Fund IV on $1bn. AltAssets, November 30, 2005
3. US Wellspring Capital Management closes $665m fund. AltAssets, April 30, 2003
5. Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
6. Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal. AltAssets, January 18, 2008
7. Business Wire: Dec 9, 2005-Dave & Buster's, Inc. Agrees to Be Acquired by Wellspring Capital for $18.05 Cash Per Share
8. More Problems for Wellspring Capital. New York Times, February 29, 2004

External links

• Wellspring Capital Management (company website)