Partner Lee Rosebush and Associates Tanner Gattuso, Laura Macherelli and Marc Wagner represented Pentec Health in the closing of a $975 million multi-asset continuation vehicle by Wellspring Capital Management Group LLC that included the acquisition of interests in three assets - Supply One, Cadence, and Pentec Health.
The new vehicle provides more time and additional capital to help each portfolio company achieve its growth potential. The $975 million continuation fund includes $125 million of unfunded capital to drive organic growth initiatives and strategic acquisitions at the three companies.
Wellspring specializes in middle-market control investments in the U.S., with a focus on the healthcare, packaging and business services sectors.