Private Equity Investing
At Current Capital Partners, private equity investing is about much more than financial engineering and investment capital. It is about partnering with corporate management teams to accelerate profitable growth and create value
Focused on Quality Portfolio Companies and Value Creation
We look for attractive companies with strong growth potential and high-quality management teams across the industrial and services landscape. Our target investments include: public and private companies, non-core assets of larger companies, and family-owned businesses.
Making Control Investments
We primarily make control investments. However, we will make minority investments where we have significant influence.
Applying Integrated Expertise
In our private equity investing, we make full use of our industrial and services industry knowledge, operating experience and finance expertise. We also take advantage of our significant networks and unique perspectives in these sectors.
Providing Equity Capital
We provide flexible, tailored equity capital for the initial investment as well as additional capital for significant investments and acquisitions.
Actively Working with Company Management
We partner with the management teams of our portfolio companies to accelerate profitable growth as well as continually monitor and assess strategy, performance and new opportunities. In our collaboration with management, we focus on strategic plans, capital structure, capital allocation, acquisitions and other significant issues.
Representative Private Equity Investments
Stackpole is a designer and manufacturer of highly-engineered oil pumps and powdered metal components principally for automotive original equipment manufacturers. These components are typically specified on long-term engine and transmission platforms with 10-to-15 year lives and are found on some 400 different vehicles or nameplates.
The company has 12 manufacturing facilities and technical centers in North America, Europe, China and Korea.
Current Capital, in conjunction with The Sterling Group, a middle-market private equity firm, acquired Stackpole from Tomkins plc.
Under Our Ownership…
We helped to transition Stackpole from a division of a large company to an independent global automotive supplier. Stackpole continued to win and execute well on oil pump and powdered metal platforms, established a strategic presence in Europe and Asia, accelerated its position in non-automotive products, achieved operating efficiencies, capitalized on an increasingly strong global automotive production environment and grew earnings substantially.
The Stackpole sale created a very significant return for our investors.
Rimstock is the United Kingdom’s leading manufacturer of premium cast and forged aluminum automotive wheels for automotive manufacturers, race teams, the military and the aftermarket.
Current Capital, together with Safanad Limited, a privately owned investment firm based in the Middle East, and David Roberts, an experienced automotive executive, acquired Rimstock from its Founder and Chairman, Steve Neal.
Rimstock was a family-owned business with substantial growth prospects that was held back by under-management and under-investment. Following our acquisition, we have been working with management to, among other things, further professionalize the business and add a significant original equipment manufacturer business to Rimstock’s existing aftermarket business. We have also made significant new hires, improved financial reporting, made a substantial investment in a new manufacturing facility and won our first contract with Jaguar Land Rover.
Individual FoodService is a leading distributor of foodservice disposables, janitorial & sanitation supplies, and non-perishable food products.
Current Capital made a co-investment alongside Kelso & Company, which acquired IFS from Sole Source Capital in November 2019. We initiated the idea and were financial advisor to Kelso.
Headquartered in Bell, CA, Individual FoodService distributes paper, plastic, packaging, food, janitorial, sanitation and smallware products to independent restaurants, quick service restaurants, healthcare facilities, hospitality establishments, country clubs, schools, universities, government institutions, wholesalers, food processors and foodservice management institutions. Following the acquisition, IFS is interested in pursuing bolt-on acquisitions.