Le Lézard
Classified in: Sports and recreation
Subjects: Contract/Agreement, Funding

Northstar Capital Invests in Drake Waterfowl Systems

Northstar Capital ("Northstar"), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Drake Waterfowl Systems ("Drake"), a portfolio company of Weinberg Capital Group ("WCG").

Drake is a provider of branded apparel and accessories for hunters and outdoor enthusiasts. Founded in 2002, Drake was one of the first providers of a complete waterfowl hunting solution and has since become one of the most prominent waterfowl brands in the industry. Additionally, Drake offers products for deer hunting (non-typical), turkey hunting (?Ol Tom), fishing (DPF), and casual wear. For more information on Drake, please visit www.drakewaterfowl.com.

Northstar provided debt and an equity co-investment to help WCG finance the transaction. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. Drake is the sixteenth platform investment in Fund VII, a $500 million committed parallel fund strategy consisting of Northstar Mezzanine Partners VII L.P. and Northstar Mezzanine Partners SBIC L.P.

About Northstar Capital

Northstar Capital is an investment management company with offices in Minneapolis, Minnesota and Fargo, North Dakota. Northstar specializes in junior capital investments and equity co-investments in middle-market companies. Since inception, Northstar has partnered with more than 150 companies and raised nearly $2 billion in capital. For more information, please visit www.northstarcapital.com.

About Weinberg Capital Group

Weinberg Capital Group is a family office based in Cleveland, Ohio. The firm seeks to invest in middle-market companies throughout North America, focusing on manufacturing, business services, medical and healthcare, aviation services, consumer products, and value-added distribution industries. The firm also seeks to invest in real estate properties including retail, multi-family, office and industrial. For more information, please visit www.weinbergcap.com.

These press releases may also interest you

at 20:30
"Jessy Jess" is back! Monster Energy congratulates Jessica-Rose Clark on her unanimous decision victory over Joselyne Edwards at UFC Fight Night 196 in Las Vegas, Nevada, on Saturday night. In the main card fight in the women's bantamweight division,...

at 18:30
Way to start the season with a bang! Monster Energy congratulates its team of freeski and snowboard athletes on a strong performance at the FIS Snowboard and Freeski World Cup season opener in Chur, Switzerland, this weekend. In the Big Air Festival...

at 16:05
Herbalife Nutrition celebrates Herbalife24 Triathlon Los Angeles winners Vincent Luis and Emma Pallant-Browne on taking the top podium spots winning the $40,000 prize purse. This year's event welcomed more than 2,000 elite and amateur triathletes,...

at 12:26
What began in 2005 as a fun 40-yard-dash by NFL broadcaster Rich Eisen during NFL Scouting Combine downtime has since become the philanthropic phenomenon known as Run Rich Run, now entering its seventh year as a fundraiser benefiting St. Jude...

23 oct 2021
A unique offering presented by MyRacehorse will provide ownership opportunities in six exciting yearlings that were purchased at the recent Fasig-Tipton Saratoga Sale of selected yearlings. Known as the "Fasig Select Six," these horses represent...

23 oct 2021
Debbie Meihls, president/CEO of New Smyrna Beach Area Visitors Bureau, will serve a two-year term on the Board of Directors for the Southeast Tourism Society (STS). This is the second time that she has been appointed to the prestigious position. The...

News published on 22 september 2021 at 13:05 and distributed by: