Investment Summary

Norwest Equity Partners Invests In Poet

On April 25, 2005, private equity firm Norwest Equity Partners invested in renewable energy company Poet

Investment Highlights
  • This is Norwest Equity Partners’ 1st transaction in the Renewable Energy sector.
  • This is Norwest Equity Partners’ 18th transaction in the United States.
  • This is Norwest Equity Partners’ 1st transaction in South Dakota.

Investment Summary

Date 2005-04-25
Target Poet
Sector Renewable Energy
Investor(s) Norwest Equity Partners
Deal Type Growth Capital

Target

Poet

Siox Falls, South Dakota, United States
Poet is an operator of renewable fuels company with a focus on corn and cellulosic ethanol with 26 plants in seven states the company produces over one billion gallons of ethanol annually. Poet was founded in 1983 and is based in Sioux Falls, South Dakota.

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Investor(S) 1

Investor

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B 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 $75 to $175 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 18 of 75
Sector: Renewable Energy M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 16
State: South Dakota M&A 1 of 1
Country: United States M&A 18 of 72
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-26 Pelican Products

Torrance, California, United States

Pelican Products is a designer and manufacturer of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Pelican's products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican products are designed and built to last a lifetime. Pelican Products was founded in 1976 and is based in Torrance, California.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 Norwesco

Saint Bonifacius, Minnesota, United States

Norwesco, Inc. is a manufacturer of polyethylene tanks. Norwesco designs, manufactures, and markets a broad assortment of polyethylene tanks primarily to the agricultural and septic tank markets.

Sell $160M