Wellspring Capital Management, a middle-market private equity firm, bought AdvoServ in November 2015 in a leveraged buyout. The amount of Wellspring's offer for Hooters hasn't been made public. Other Info. Wellspring Capital, through defendants Mr. Carles and Mr. Johnson, allegedly represented to Prospect that: (1) Ellett could purchase assets of AcuSport for $14.8 million; (2) the purchase would result in the Debtors' capturing 20% to 30% of AcuSport sales; (3) the Debtors could acquire $14 million of AcuSport inventory at a substantial discount . Wellspring Capital Management LLC is legally known as WELLSPRING CAPITAL MANAGEMENT LLC. On 05/20/2022 Wellspring Capital Management, LLC Wellspring Cap filed an Other lawsuit against Barry, III.This case was filed in U.S. Bankruptcy Courts, New York Southern Bankruptcy. 11 October 2021. Wellspring Capital Management is a leading private equity firm headquartered in New York. Through three unique service platforms, Vogel delivers creative solutions in the areas of tax and estate planning, investment advisory, outsourced accounting and business consulting services. Walker,Jr. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments . The former Head of Marketing and Investor Relations at private equity firm Wellspring Capital Management in a rape lawsuit asserting claims under New York's Gender Motivated Violence Act against Christopher Dawson; . The lawsuit says that Bill Dawson, CEO of $2.2 billion private equity firm Wellspring Capital Management, mocked and threatened the female employee when she approached him with claims that his . Wellspring sold the restaurant and entertainment company Dave & Buster's Inc. to Oak Hill Capital Partners for $570-million last year. The source of a stream or spring. The . A new report by the Private Equity Stakeholder Project examines how private equity groups invest in the troubled teen industry — specifically for-profit foster care, services for youth with . The two lawsuits--the first filed in April by Wellspring Hospice Solutions LLC of . The basic complaint is that Wellspring directors put self-interests above those of the company and its creditors. Iris Dorbian. July 14, 2020 3:22pm. The group Disability Rights Florida has filed a federal lawsuit against the state Agency for Persons with Disabilities' director, alleging that the agency has relied too heavily on the Carlton . Wellspring Capital, through defendants Mr. Carles and Mr. Johnson, allegedly represented to Prospect that: (1) Ellett could purchase assets of AcuSport for $14.8 million; (2) the purchase would result in the Debtors' capturing 20% to 30% of AcuSport sales; (3) the Debtors could acquire $14 million of AcuSport inventory at a substantial discount . ), entered on or about June 24, 2021, which, to the extent appealed from, denied defendant Ironshore Specialty Insurance Company's (Ironshore) motion to dismiss the complaint as asserted by plaintiff Wellspring Capital Management LLC (Wellspring Capital), unanimously reversed, on the law . Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Order, Supreme Court, New York County (Joel M. Cohen, J. "We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes," Naishadh Lalwani, a partner at Wellspring, said in a press release. Gillian Tan. Whalewisdom has at least 2 13D filings. Unique Documents. management. Completing all research in house, basing our investment decisions on the quality of the business and acting with extreme discipline to purchasing shares at a discount to the companies . Wellspring Capital Management, the $2 billion private equity fund that acquired the company in a leveraged buyout four years ago, changed its name in 2017 from . SportCo went into default and filed for Chapter 11 bankruptcy protection in June 2019. Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through . Wellspring Capital Management LLC. wellspring capital management llc ( crd # 161184/sec#:801-74093 ) show all 6. wellspring capital management iv llc ("relying adviser"), wellspring management group llc ("relying adviser"), wellspring credit management llc ("relying adviser"), wellspring capital management vi llc ("relying adviser"), wellspring capital management v llc ("relying . SportCo went into default and filed for Chapter 11 bankruptcy protection in June 2019. wellspring capital management llc ( crd # 161184/sec#:801-74093 ) show all 6. wellspring capital management iv llc ("relying adviser"), wellspring management group llc ("relying adviser"), wellspring credit management llc ("relying adviser"), wellspring capital management vi llc ("relying adviser"), wellspring capital management v llc ("relying . The company was forced to file for bankruptcy in Delaware, where its parent company, United Sporting, is based. capital. For RAYUS Radiology, the acquisition of Foundation Radiology Group is the latest in a series of major announcements and aggressive growth that has followed Wellspring Capital Management's . $95,735 / yr. Programmer/Analyst salaries - 2 salaries reported. Vogel Consulting is a multi-family office (MFO) offering an integrated approach to wealth management. Log in or to post comments. After reports of abuse and neglect at AdvoServ's Florida homes, it . though a lender is accusing majority owner Wellspring Capital Management of financial . Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Middle Market Private Equity. Source: Institutional Investor - A former Wellspring Capital Management employee filed a lawsuit against the son of . Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through . But they may need to become much more careful about what they do next.Driving the news: A Delaware judge recently refused to dismiss a breach of fiduciary loyalty claim against three partners of private equity firm Wellspring Capital Management, related to their ownership of a gun . Judicial Caselaw. Other Info. The case status is Pending - Other Pending. The lawsuit from Prospect Capital Corp. claims Wellspring Capital Management, the majority owner of Ellett Brothers, and other companies misused over $160 million of funds that went to . Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Corporate directors often ask for personal liability releases when deals go bad and debt needs to be restructured. According to the lawsuit, . Bankruptcy Ruling 212-318-9800. Associate. View Data as Table. In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. United Sporting's chief restructuring officer, Dalton Edgecomb sent a notice about the layoffs last week. Mr. Braddock is the Chief Financial Officer of Stellex Capital Management and its affiliates. Since the private equity fund Wellspring Capital Management of New York bought the group home provider in 2015, Burgess said the company has made meaningful improvements. The Senior Advisors are not employees of Wellspring; they are engaged by the . Fox5 reporter Lidia Curanaj in a lawsuit alleging gender and pregnancy discrimination against Twenty-First Century Fox, Inc . A former Wellspring Capital Management employee filed a lawsuit against the son of Wellspring chief executive Bill Dawson, alleging that he raped her and that Bill Dawson threatened to "ruin . Share this with your network. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and . The former Head of Marketing and Investor Relations at private equity firm Wellspring Capital Management in a rape lawsuit asserting claims under New York's Gender Motivated Violence Act against Christopher Dawson; . Home; About Us; Investment Approach. 212-318-9810. March 24, 2022 | Insurance Authority Exclusive Wellspring Not Covered For Gun Co.'s Bankruptcy Suit January 14, 2022 Evaluating Director Protections After Del. And while the company turned over money, Wellspring Capital also collected $6 million in "management fees" from Ellett Brothers and its affiliates between 2009 and 2017, the lawsuit says. The basic complaint is that Wellspring directors put self-interests above those of the company and its creditors. Wigdor LLP has filed a lawsuit on behalf of a former Wellspring Capital Management employee who alleges she was raped by Christopher Dawson. If this is your first visit, be sure to check out the FAQ by clicking the link above. According to the lawsuit, . Wellspring Capital Management is a leading private equity firm headquartered in New York. Associate. William W. Russell. Hooters of America Inc., the restaurant chain best known for its tank top-clad waitresses and spicy chicken wings, settled a lawsuit challenging the company's sale to a buyout firm, a lawyer said. You will have to register before you will be permitted to post: click the register link above to proceed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Below is a list of private equity health care buyouts and add-on acquisitions completed during March 2021. Lawsuit: Drugmaker secret . 390 PARK AVENUE, NEW YORK, NY . By teaming up with strong management, Wellspring is able to unlock underlying value and . -. South Carolina-based United's filing comes amid accusations that its majority owner, Wellspring Capital Management, misused funds intended to shore up United, but instead went to its shareholders. They include spending $1 . The Wellspring Era (1995-current) Lionel changed hands again in 1995, when Kughn sold controlling interest in the company to an investment group that included Neil Young (a longtime fan of model trains and of this brand) and the holding company Wellspring Capital Management, which was headed by former Paramount Communications (formerly Gulf+Western) chairman Martin Davis (he had left the board . Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through . Problems began a few years after Ellett Brothers was acquired by Wellspring Capital Management, a Delaware corporation, and placed under the control of Wellspring Capital Partners IV in 2008 . A former employee of Wellspring Capital Management filed a lawsuit in a New York Thursday alleging that the CEO's son, Christopher Dawson, drugged and repeatedly raped her one night in the . Wellspring Capital Management is a hedge fund with 9 clients and discretionary assets under management (AUM) of $1,119,035,375 (Form ADV from 2020-03-30). 212-318-9800. Fisher Brothers announced that Wellspring Capital Management has signed a new 15-year, 14,698 s/f lease to occupy the entire penthouse floor at 605 Third Avenue. Wellspring Capital Management, LLC et al (20-50554-JKS) U.S. Bankruptcy Court for the District of Delaware. Wellspring Capital Management has acquired Pentec Health, a provider of patient-specific, compounded sterile medications. wellspring synonyms, wellspring pronunciation, wellspring translation, English dictionary definition of wellspring. 390 PARK AVENUE, NEW YORK, NY . 2. Wellspring Capital Management is based out of New York. The number of clients served by it is . "Caring Brands . Taylor Lawrence, a former head of investor relations at $2 billion private equity fund Wellspring Capital Management, accused Christopher Dawson of drugging her and raping her at his parents . . Wellspring's portfolio revenue in 2020 was approximately $4.5 billion, according to the firm. Investment Philosophy; Target Investments; Portfolio n. 1. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and . Through spokesman Brian Burgess, the businesses declined to discuss the lawsuit. Associate. Lionel, LLC is an American designer and importer of toy trains and model railroads that is headquartered in Concord, North Carolina.Its roots lie in the 1969 purchase of the Lionel product line from the Lionel Corporation by cereal conglomerate General Mills and subsequent purchase in 1986 by businessman Richard P. Kughn forming Lionel Trains, Inc. in 1986. The son of Wellspring Capital's CEO raped a woman in 2014 while at Bill Dawson's apartment, the lawsuit alleges. Wellspring Capital Management is a leading private equity firm headquartered in New York. 20-50554, 2021 WL 4823513 (Bankr.D. Salary. * Wellspring Senior Advisors are sector-specific experts who serve as board members on WCM portfolio companies and provide valuable insight on specific due diligence engagements. Wellspring Capital Management Salaries. $129,094 / yr. Hardware Engineer salaries - 2 salaries reported. Job Title. It is a DE Limited Liability Company. Wellspring Capital Management is a leading private equity firm headquartered in New York. The firm's objective is to bring partnership, experience and value creation to each investment. . Wellspring Capital CEO Bill Dawson LinkedIn. Dave & Buster's is changing hands, with Wellspring Capital Management selling the chain of restaurants that double as video-game arcades to Oak Hill Capital Partners in a $570 million deal. Thomas S. Kingshott. Judicial Caselaw is a resource for publicly available court filings. No financial terms were disclosed . Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. An out of work relative has some connections over there but has been getting a lot of conflicting info, so I thought I'd help him research the company a little bit. Paige C. Wood. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring Capital Management Ltd is a Manchester based Investment Advisory firm focused on investing in a concentrated portfolio of undervalued public companies. and gender." The lawsuit seeks to secure relief for similarly situated older, . ; Todd Boehly; Bernard Ziomek; Andrew Kupchik . Wellspring Capital Management LLC Chief Executive Officer Bill Dawson has taken a leave of absence, days after a former employee alleged in a lawsuit that he threatened her for . Back to Market Pulse. Wellspring Capital Management LLC is legally known as WELLSPRING CAPITAL MANAGEMENT LLC. However, a lawsuit filed by lender Prospect Capital Corp. against Ellett's owner, Wellspring Capital Management, alleges shadier dealings. "CEI is a great company known . Private equity firm Wellspring Capital Management LLC on Friday hit a slew of its insurers with a suit in New York state court alleging they must defend it against claims that it plundered . This firm has 23 employees, of which 17 are employees in advisory roles. Define wellspring. CEI is described as a flexible packaging and technical products company by Wellspring Capital Management LLC, the New York-based private equity owner of ProAmpac. And while the company turned over money, Wellspring Capital also collected $6 million in "management fees" from Ellett Brothers and its affiliates between 2009 and 2017, the lawsuit says. One of its lenders, Prospect Capital, filed a lawsuit against United Sporting's owner, Wellspring Capital Management. 212-318-9810. Wellspring Capital Management LLC has bought National Seating & Mobility Inc., a maker of wheelchairs and other mobility equipment, from Ridgemont Equ . While the Chapter 11 bankruptcy filing is bad news for the industry, the pending lawsuit filed by Prospect Capital Corp. could be devastating. Less than a year later, the liquidation trustee sued Wellspring and related parties, alleging breaches of fiduciary duty of care and loyalty. Senior Associate salaries - 3 salaries reported. The Riverside Company 99.4%. This firm has 23 employees, of which 17 are employees in advisory roles. To start viewing messages, select the forum that you want to visit from the selection below. Wellspring Capital Management LLC, a New York-based private equity firm, . Wellspring Capital Management is a leading private equity firm headquartered in New York. It is a DE Limited Liability Company. Founded in 1995, the private-equity firm focuses mostly on companies in industries such as restaurants, manufacturing and distribution. Printer-Friendly Version. A New York buyout baron has taken a leave of absence from his fund after an explosive lawsuit claimed last week that he . Nearly 10 months after a Charleston judge approved a settlement in a federal lawsuit filed by former . As we here at Ropes & Gray look back on 2021 and ahead into 2022, we call your attention to the lessons of Friedman v.Wellspring Capital Mgmt., LLC (In re SportCo Holdings, Inc.), Case No. However, a lawsuit filed by lender Prospect Capital Corp. against Ellett's owner, Wellspring Capital Management, alleges shadier dealings. Prospect Capital Corp., has filled their civil suit against "Wellspring Capital Management LLC; Wellspring Capital Partners IV, L.P.; WCM GenPar IV, L.P.; WCM GenPar IV GP, LLC; Alexander E. Carles; William F. Dawson, Jr.; John E. Morningstar; Bradley Johnson; F. Hewitt Grant; Charles E. The number of clients served by it is . Prior to joining Stellex in 2014, Mr. Braddock founded Oculus Resource Group, Inc., a family office advisory firm focused on private investments in natural resources and real estate. Records show Bellwether is owned by Wellspring Capital Management, a New York private equity firm. The acquisition further cements Pentec Health's leadership . Prior to Oculus, Mr. Braddock was a Founder and Managing Partner of . Less than a year later, the liquidation trustee sued Wellspring and related parties, alleging breaches of fiduciary duty of care and loyalty. PHILADEPHIA, Pennsylvania, October 8, 2021 - Pentec Health Inc., a nationwide leader in patient-specific sterile compounding, announces its acquisition by Wellspring Capital Management ("Wellspring"), a leading private equity firm headquartered in New York. Wellspring Capital Management, . By. Davis, the former head of Gulf+Western, has since passed away, and the company is now managed for his heirs by Wellspring Capital Management, a New York City-based private-equity firm. Wellspring Capital Management LLC. .
