Investment Summary

Norwest Equity Partners and NMP Capital Invest In Arteriors

On June 25, 2019, private equity firm Norwest Equity Partners and mezzanine finance firm NMP Capital invested in furniture company Arteriors

Investment Highlights
  • This is Norwest Equity Partners’ 1st and NMP Capital’s 1st transaction in the Furniture sector.
  • This is Norwest Equity Partners’ 60th and NMP Capital’s 75th transaction in the United States.
  • This is Norwest Equity Partners’ 2nd and NMP Capital’s 4th transaction in Texas.

Investment Summary
Date 2019-06-25
Target Arteriors
Sector Furniture
Investor(s) Norwest Equity Partners
NMP Capital
Deal Type Growth Capital
Advisor(s) Solomon Partners (Financial)
Baker Botts (Legal)

Target

Arteriors

Lewisville, Texas, United States
Arteriors is a designer and supplier of decorative lighting fixtures, furniture, and accessories. Arteriors was founded in 1987 and is based in Lewisville, Texas.

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Investor(S) 2

Investor

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 63 of 75
Sector (Furniture) 1 of 1
Type (Growth Capital) 14 of 16
State (Texas) 2 of 2
Country (United States) 60 of 72
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Actagro

Biola, California, United States

Actagro LLC is a developer, manufacturer, and marketer of environmentally sustainable soil and plant health products and technologies. Actagro’s premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 GoHealth

Chicago, Illinois, United States

GoHealth is a health insurance marketplace whose mission is to improve access to healthcare in America. The Company's technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. GoHealth was founded in 2001 and is based in Chicago, Illinois.

Sell -
Investor

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 77 of 88
Sector (Furniture) 1 of 1
Type (Growth Capital) 10 of 11
State (Texas) 4 of 4
Country (United States) 75 of 85
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 United Poly Systems

Springfield, Missouri, United States

United Poly Systems is a manufacturer of made-to-order high-density polyethylene (“HDPE”) pipe for a variety of infrastructure applications. The company product offering is commonly used in the Telecommunications, Power Utility, Electrical, CATV, Sewer, Potable Water, and Oil/Gas collection industries. United Poly Systems was founded in 2011 and is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Benestar Brands

Chicago, Illinois, United States

Benestar Brands operates as a holding company for brands of snack products, including pork rinds and tortilla chips. The brands include Pretzilla, Mac’s, Caso de Oro, PORQ and Chicas Chips. Its Evans Food division is a manufacturer of pork rinds, serving US and international markets. Its other divisions, Arboleda Foods, is the producer of tortilla chips and Pretzilla is the producer of soft pretzels. Benestar Brands was founded in 2019 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal