News

March 31, 2011 - Spell Capital announces Fund IV

MINNEAPOLIS (March 31, 2011) - Spell Capital Partners announces the first closing of its fourth buyout fund, Spell Capital Partners Fund IV, LP with capital commitments exceeding $32 million. A final closing is expected in late April in connection with a limited number of remaining commitments.

"We are excited about the prospects for Fund IV," says Bill Spell, president of Spell Capital. "Historically the best time to invest in buyouts is during or after recessionary periods. Interest rates are at all-time lows and deal flow is strong; we are reviewing numerous deals every day."

Spell Capital has a long and successful track record of investing at the lower end of the middle market. The firm has completed over 70 transactions since 1988 and focuses on the acquisition of controlling interests in profitable industrial manufacturing businesses in partnership with management.

The Fund expects to acquire two platform companies during calendar 2011.
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