Investment Summary

TorQuest Partners Exits Spinrite

On October 9, 2015, private equity firm TorQuest Partners invested in consumer products company Spinrite from Sentinel Capital Partners and Norwest Mezzanine Partners

Investment Highlights
  • This is TorQuest Partners’ 2nd transaction in the Consumer Products sector.
  • This is TorQuest Partners’ 15th transaction in Canada.
  • This is TorQuest Partners’ 8th transaction in Ontario.
Investment Fate
  • Spinrite was sold to a consortium of financial buyers in 2018.

Investment Summary

Date 2015-10-09
Target Spinrite
Sector Consumer Products
Investor(s) TorQuest Partners
Sellers(s) Sentinel Capital Partners
Norwest Mezzanine Partners
Deal Type Secondary Buyout

Target

Spinrite

Listowel, Ontario, Canada
website
Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Search 177,612 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 1

Investor

TorQuest Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 19 of 36
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 6 of 7
State (Ontario) 8 of 15
Country (Canada) 15 of 29
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Pinova

Brunswick, Georgia, United States

Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture.

Sell $417M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Array Marketing

Toronto, Ontario, Canada

Array Marketing is a provider of in-store marketing services for the retailers and brand manufacturers.

Sell -

Seller(S) 2

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 39 of 67
Sector (Consumer Products) 2 of 6
Type (Secondary Buyout) 19 of 28
State (Ontario) 2 of 4
Country (Canada) 3 of 6
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Hospice Advantage

Bay City, Michigan, United States

Hospice Advantage, Inc. is a hospice care organization that provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 NorthEast Dental Management

Roselle Park, New Jersey, United States

NorthEast Dental Management LLC provides dentistry services to patients in New Jersey. It offers tooth whitening, TMJ treatment, root canal, veneers, dentures/partials, tooth colored fillings, dental implants, crowns/bridges, and initial oral examination services.

Sell -
SELLER

Norwest Mezzanine Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 35 of 51
Sector (Consumer Products) 7 of 8
Type (Secondary Buyout) 16 of 21
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Hospice Advantage

Bay City, Michigan, United States

Hospice Advantage, Inc. is a hospice care organization that provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Marco

St. Cloud, Minnesota, United States

Marco supplies a wide array of technology-focused products and services that support customers from planning and design through implementation and support, including copiers/printers, business IT services, managed and cloud services, carrier services, phone systems, document management and audio/video systems. Marco was founded in 1973 and is based in St. Cloud, Minnesota.

Buy -