Investment Summary

Northstar Capital Invests In Sprinturf

On June 1, 2007, mezzanine finance firm Northstar Capital invested in manufacturer Sprinturf

Investment Highlights
  • This is Northstar Capital’s 2nd transaction in the Manufacturing sector.
  • This is Northstar Capital’s 24th transaction in the United States.
  • This is Northstar Capital’s 1st transaction in South Carolina.
Investment Fate
  • Sprinturf was sold to a consortium of financial buyers in 2018.

Investment Summary
Date 2007-06-01
Target Sprinturf
Sector Manufacturing
Investor(s) Northstar Capital
Deal Type Growth Capital

Target

Sprinturf

Daniel Island, South Carolina, United States
Sprinturf is a manufacturer of artificial turf surfaces for athletic and landscape applications, based in Daniel Island, South Carolina.

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Investor(S) 1

Investor

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 25 of 109
Sector (Manufacturing) 2 of 15
Type (Growth Capital) 4 of 21
State (South Carolina) 1 of 2
Country (United States) 24 of 104
Year (2007) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Convergent Resources

Alpharetta, Georgia, United States

Convergent Resources, Inc. is a provider of outsourced accounts receivable management (“ARM”) services to a wide array of industries, including healthcare, utilities, telecommunications and financial services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Coining

Montvale, New Jersey, United States

Coining manufactures solder preforms and brazing preforms, including popular gold tin preforms, that are used for joining applications in microelectronics packaging and assembly

Buy -
Mergr

Product

Company

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