Eaton Partners Functions as Exceptional Financial Advisor for Commonwealth Fairness Companions
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ROWAYTON, Conn., Dec 16, 2020 (World NEWSWIRE by way of COMTEX) —
ROWAYTON, Conn., Dec. 16, 2020 (World NEWSWIRE) — Eaton Partners, a person of the world’s main private funds advisory and fund placement firms and a wholly-owned subsidiary of Stifel Money Corp. (NYSE: SF), is happy to have acted as the special monetary advisor for CommonWealth Fairness Companions (“CommonWealth”). Eaton Partners worked along with CommonWealth to elevate the firm’s CommonWealth Equity Companions Fund I, LP, recapitalize present buyers in Ecore Intercontinental (“Ecore”), and secure stick to-on capital to fund foreseeable future acquisitions. Ecore is a world wide leader in transforming rubber squander into large performance merchandise and surfaces.
Established in 2020, CommonWealth is a Pennsylvania-dependent personal fairness organization that will make manage investments in ESG and round economy-focused organizations. The business seeks to partner with middle marketplace corporations with special benefit-additional round overall economy products, processes, technological innovation, and/or exceptional IP with robust administration in location, and no dependencies on govt subsidies. “We imagine that firms, like Ecore, who devote in ESG and the circular financial state can and will continue on to outperform the sector,” stated Robert Bernard, Husband or wife and Co-Founder at CommonWealth.
Applying in excess of 120 million lbs . of rubber tire squander per year, Ecore upcycles reclaimed rubber waste into superior-performance items and surfaces for international industry leaders. Ecore’s consumers involve expert athletics teams, sporting activities and recreation services, fitness centers, hospitals, commercial interiors, hotels and lodging, transportation facilities, and aggressive equestrian services. In addition, Ecore’s longstanding dedication to customer security and the natural environment has assisted the enterprise thrive by means of the COVID-19 pandemic. According to Michael DeRosa, Lover and Co-Founder of CommonWealth, “Ecore has extended been an impressive chief in profitably promoting sustainable, circular merchandise and I am incredibly delighted for CommonWealth to have been able to associate with Art Dodge to guide this recapitalization as the enterprise focuses on its future wave of progress.”
The fund gained robust assist from a varied range of institutional investors, which include top-tier private equity secondaries firms, spouse and children workplaces, foundations, and asset supervisors. “We are very pleased to suggest and aid CommonWealth by way of its thriving money elevate of the firm’s very first fund and the recapitalization of Ecore’s existing capital foundation,” claimed Michael Pilson, Managing Director at Eaton Associates. “In my practical experience, I have in no way observed a more actionable, exciting ESG offer, and our means to raise money was in massive component because of to the very progressive operate that Ecore does.”
For Art Dodge, Founder and CEO of Ecore, the partnerships with Eaton and CommonWealth have been essential for the duration of this earlier yr. “When the shutdown strike, Eaton and CommonWealth managed focus on the essential attributes of the administration teams’ observe record, Ecore’s enterprise model and resilience through the pandemic. I am exceptionally proud of the do the job we are accomplishing in our marketplace, and owning fantastic partners perform with us to triumph over the fundraising hurdles created by this pandemic speaks volumes about their solution to partnership.”
In addition to elevating main fund money globally, Eaton Partners’ secondaries group focuses on GP-led transactions, which incorporates fund recapitalizations, restructuring, and other secondary transactions, and has an energetic immediate placements company. Over the very last two several years, Eaton Companions has advised GPs and firms on about $3. billion of secondary and direct investment decision transactions.
About Eaton Partners
Eaton Partners, a Stifel Business, is 1 of the world’s most significant money placement brokers and fund advisory corporations, getting elevated much more than $140 billion throughout extra than 140 hugely differentiated alternative expense resources and offerings. Established in 1983, Eaton advises and raises institutional funds for investment decision managers throughout alternate techniques – non-public equity, personal credit history, actual belongings, serious estate, and hedge money/community sector – in both of those the primary and secondary markets. Eaton Companions maintains offices and operates in the course of North The us, Europe, and Asia.
Eaton Partners is a division of Stifel, Nicolaus & Business, Integrated, Member SIPC and NYSE. Eaton Companions subsidiary Eaton Companions (British isles) LLP is licensed and controlled by the Money Conduct Authority (FCA). Eaton Partners subsidiary Eaton Associates Advisors (HK) Minimal is accredited as a Sort 1-licensed enterprise less than the Securities and Futures Fee (SFC) in Hong Kong. Eaton Partners and the Eaton Companions emblem are emblems of Eaton Companions, LLC, a limited legal responsibility firm. (R) Eaton Associates, 2020.
About CommonWealth Equity Partners
Launched in 2020, CommonWealth is a Pennsylvania-centered non-public equity firm that makes regulate investments in ESG and round overall economy-centered corporations. The firm seeks to partner with middle market place companies with exclusive value-included round economy solutions, procedures, engineering, and/or distinctive IP with strong management in area and no dependencies on govt subsidies. For far more info, please pay a visit to www.cwequity.com.
About Ecore Worldwide
Ecore is a worldwide leader in reworking rubber waste into high general performance items and surfaces. Ecore’s consumers involve specialist athletics teams, sports activities and recreation services, health facilities, hospitals, business interiors, motels and lodging, transportation facilities, and competitive equestrian amenities. For extra details, be sure to check out www.ecoreintl.com.
About Stifel
Stifel Economical Corp. (NYSE: SF) is a economical expert services keeping organization headquartered in St. Louis, Missouri, that conducts its banking, securities, and economical companies enterprise as a result of several wholly owned subsidiaries. Stifel’s broker-seller clients are served in the United States by way of Stifel, Nicolaus & Organization, Incorporated, which include its Eaton Associates company division Keefe, Bruyette & Woods, Inc. Miller Buckfire & Co., LLC and Century Securities Associates, Inc. The Firm’s broker-seller affiliate marketers deliver securities brokerage, financial commitment banking, trading, expense advisory, and connected monetary services to individual buyers, professional cash managers, enterprises, and municipalities. Stifel Bank and Stifel Lender & Believe in offer you a comprehensive range of consumer and industrial lending methods. Stifel Believe in Organization, N.A. and Stifel Rely on Organization Delaware, N.A. provide believe in and relevant solutions. To master much more about Stifel, make sure you check out the Company’s web site at www.stifel.com. For world wide disclosures, please check out https://www.stifel.com/trader-relations/push-releases.
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