Pine Street Capital Partners III, LP (“PSCP”) is pleased to announce an active and successful 2018. Highlights include the closing of the following investments:
A mezzanine debt investment in NEMO Equipment (“NEMO”). Based in Dover, NH, NEMO is an innovative designer and manufacturer of premium outdoor gear, including tents, sleeping bags, sleeping pads, hammocks, and furniture. PSCP is partnering with management to support NEMO’s growth plans and continued success.
A mezzanine debt and equity investment to support the acquisition of four leading program management firms collectively operating as Anser Advisory (“Anser”), a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services to the public and private sectors. PSCP supported a NYC-based private equity firm on this transaction.
A mezzanine debt and equity investment to support the acquisition of Boutique Brands (“BB”). BB is a collection of online boutique retailers of quick-turning value-priced women’s apparel, currently comprised of Discount Divas, located in Huntsville, AL, and Lime Lush, based in Salt Lake City, UT. PSCP supported a Boston-based private equity firm on this transaction.
A mezzanine debt and equity investment to support the acquisition of Filterworks USA, Inc. (“Filterworks”). Filterworks, based in Deerfield Beach, FL, is a leading layout and design, capital equipment, and service provider to the automotive collision repair industry. PSCP supported a Georgia-based private equity firm on this transaction.
We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria. We are committed to responding quickly to opportunities in a thoughtful and transparent manner.
About Pine Street Capital Partners
Pine Street Capital Partners is a multi-fund management company formed in 2005. Our latest fund, Pine Street Capital Partners III, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.We have a broad investment mandate, with a preference for niche manufacturers, business services, health care, and later stage IT companies. We will invest $3-10 million per transaction either as sole investor or as part of a larger investor group.