Investments

Swander Tempo Capital Publicizes First Continuation Fund with Captek Softgel Worldwide. Inc. in Partnership with Morgan Stanley and Rabo Investments

SAN FRANCISCO & BEDMINSTER, N.J.–(BUSINESS WIRE)–Swander Tempo Capital (“SPC”), a number one personal fairness agency specializing in client product corporations, introduced the closing of a continuation fund transaction with Captek Softgel Worldwide, a number one Vitamin, Mineral & Complement (“VMS”) gentle gel producer in North America. The brand new continuation fund acquired Captek from Swander Tempo Capital Fund V and Swander Tempo Capital Fund VI. Every investor from SPC Fund V and VI had the chance to roll over their fairness stake and proceed to take part as an investor. Morgan Stanley was the lead investor within the continuation fund and is joined by Rabo Investments, the funding arm of Rabobank, in addition to Swander Tempo reinvesting LPs and GPs. The brand new Fund contains substantial capital funding to drive natural progress initiatives and strategic acquisitions for Captek going ahead.

Swander Tempo Capital acquired Captek in December of 2015 and later added onto this preliminary funding with the acquisition of J&D Labs in July of 2017. The mixed belongings and capabilities have created a differentiated, scale contract manufacturing enterprise with experience in offering customized VMS merchandise to its nicely diversified buyer base.

“We’re excited to proceed to associate with Swander Tempo Capital on this subsequent section of progress,” stated Randy Bridges, CEO of Captek. “Our deal with operational excellence, innovation, and new acquisition potential makes this a really thrilling time for Captek, and our group is prepared for this subsequent chapter.”

“Captek is a extremely differentiated and strategically vital asset. Since beginning this funding in 2015, we’ve been in a position to drive appreciable worth for our buyers with the robust management and nice execution of our group members. The efficiency has been spectacular to-date, however we imagine we’ve a robust monetary and strategic outlook forward, and that’s the reason we’ve chosen to create a brand new automobile to take part within the subsequent stage of progress at Captek,” defined Corby Reese, Managing Director at Swander Tempo Capital.

“We’re excited to collaborate with Swander Tempo Capital and the proficient administration group at Captek to assist help the continued progress of this distinctive manufacturing platform within the well being and wellness house within the US. SPC’s management within the client house coupled with this robust asset made this a compelling continuation automobile transaction, and we look ahead to SPC’s continued success with Captek,” defined Yash Gupta, Companion at Morgan Stanley Personal Markets Secondaries, an funding group inside Morgan Stanley Funding Administration that may be a chief in GP-led continuation automobile transactions.

“Captek additional exemplifies our depth and expertise investing within the Well being and Wellness sector, together with companies similar to Renew Life, Swanson Well being Merchandise, Clarion Manufacturers, and Reliance. Captek enjoys a singular and revolutionary place within the market, and we look ahead to partnering with the group to execute our playbook to drive progress,” stated Alex Litt, Senior Vice President at Swander Tempo Capital.

Going ahead, SPC will proceed to hunt acquisition alternatives for Captek within the Nutritional vitamins, Mineral and Dietary supplements class to leverage the agency’s expertise and experience within the house.

Swander Tempo Capital was supported on this secondary transaction by Lazard (secondary transaction recommendation), Kirkland & Ellis LLP and Gibson, Dunn & Crutcher LLP (authorized recommendation) Armanino LLP and CohnReznick (finance), and Kroll LLC (equity opinion). The brand new buyers have been supported by Davis Polk & Wardwell LLP (authorized recommendation).

About Captek Softgel Worldwide, Inc.

Captek Softgel Worldwide, Inc. (CSI) is a privately-owned, FDA registered and audited, GMP-certified, full-service contract producer of customized dietary complement formulations. CSI options excessive effectivity encapsulation traces working 24/5, able to producing greater than 10 billion gentle gels yearly. The power encompasses roughly 295,000 sq. ft of manufacturing, analytical laboratory, pilot laboratory, and warehousing house. Captek absolutely complies with FDA cGMP’s and has been independently licensed by NSF Worldwide. For extra info, go to www.capteksoftgel.com.

About Swander Tempo Capital

Swander Tempo Capital (“SPC”) is a non-public fairness agency that invests in corporations which are integral to customers’ lives. Consultant current and historic investments embody Mommy’s Bliss, Renew Life, Bragg Reside Meals Merchandise, Swanson Well being Merchandise, Clarion Manufacturers, Aden & Anais/HALO, Merrick Pet Care, Kicking Horse Espresso, Fleischmann’s Vinegar, Patriot Pickle, and different main corporations. The agency companions with administration groups to assist construct corporations to their full potential. With workplaces in California, New Jersey, and Ontario (Canada), SPC has invested in additional than 55 corporations and raised cumulative fairness commitments of roughly $1.8 billion since 1996. For extra info, go to www.spcap.com.

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