Investment Summary

Promus Equity Partners and Avante Capital Partners Invest In Quest Products

On March 5, 2018, private equity firm Promus Equity Partners and mezzanine finance firm Avante Capital Partners invested in consumer products company Quest Products

Investment Highlights
  • This is Promus Equity Partners’ 1st and Avante Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is Promus Equity Partners’ 18th and Avante Capital Partners’ 22nd transaction in the United States.
  • This is Promus Equity Partners’ 1st and Avante Capital Partners’ 3rd transaction in Wisconsin.

Investment Summary

Date 2018-03-05
Target Quest Products
Sector Consumer Products
Investor(s) Promus Equity Partners
Avante Capital Partners
Deal Type Growth Capital
Advisor(s) Capstone Partners (Financial)
Hinshaw & Culbertson (Legal)

Target

Quest Products

Pleasant Prairie, Wisconsin, United States
Quest Products is a multifaceted consumer packaged goods company that manufactures and manages wholly owned brands, distributes national brands, sells to retail and online stores, provides drop-ship services, and manages retail websites. Quest Products was founded in 2001 and is based in Pleasant Prairie, Wisconsin.

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Investor(S) 2

Investor

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 27
Sector (Consumer Products) 1 of 3
Type (Growth Capital) 6 of 8
State (Wisconsin) 1 of 1
Country (United States) 18 of 26
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 Event Network

San Diego, California, United States

Event Network is an operator of gift shops for aquariums, museums, science centers, botanical gardens, and other highly regarded cultural attractions. The company serves museums (art, science, natural history, children’s and cultural), zoos, aquariums, gardens, iconic landmarks, and historic sites. Event Network was founded in 1998 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 PMA Financial Network

Naperville, Illinois, United States

PMA Financial Network is a provider of cash and fixed income investment management services, administration, distribution, advisory, financial planning (asset/liability management), and broker-dealer services, for public finance entities and local government investment pools (LGIPs). PMA Financial Network is based in Naperville, Illinois.

Buy -
Investor

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 22 of 32
Sector (Consumer Products) 2 of 2
Type (Growth Capital) 3 of 10
State (Wisconsin) 3 of 4
Country (United States) 22 of 32
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 HAT Collective

Easton, Pennsylvania, United States

HAT Collective offers a broad range of well-designed, ergonomic solutions for the contract furniture market. HAT Collective was founded in 1986 and is based in Easton, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Vista Dental Products

Racine, Wisconsin, United States

Vista Dental Products is a manufacturer in dental and endodontic product solutions, small equipment, and ancillary consumable products. Vista Dental Products was founded in 1997 and is based in Racine, Wisconsin.

Buy -