Encore Consumer Capital Announces Close of Third Fund; Oversubscribed Private Placement
June 30, 2015 -SAN FRANCISCO–(BUSINESS WIRE)–Encore Consumer Capital (“Encore”), a private equity firm based in San Francisco that focuses exclusively on investing in consumer products companies, has closed its third fund (“the Fund”) at the hard cap with $260 million of commitments, exceeding its target fund size of $225 million.
āEncore’s talented and experienced investment team, along with the management professionals at each of our portfolio companies with whom we are proud to have partnered with over the years, have enabled us to earn the respect and trust of our investorsā
“We are extremely grateful for the continued support we have received from our loyal investor base and excited by the new world-class pension plans, endowments and family offices that have partnered with us. We look forward to continuing to capitalize on our investing and operating experience to accelerate the growth of leading consumer products companies,” said Robert Brown, a Managing Director and Co-Founder of Encore.
“Encore’s talented and experienced investment team, along with the management professionals at each of our portfolio companies with whom we are proud to have partnered with over the years, have enabled us to earn the respect and trust of our investors,” said Scott Sellers, a Managing Director and Co-Founder of Encore. Encore, founded in 2005, will continue to invest in lower middle market companies with between $10 million and $100 million of annual revenues and with leading positions in attractive and undeserved segments of the consumer products industry.
Having an oversubscribed private placement is often a function of having properly prepared your offering prospectus. PPM assists companiesā private placement funding needs by providing institutional-quality prospectus document preparation and writing services. The global consultancy practice areas include Issuers’ offering prospectus,Ā offering memorandum, explanatory memorandums and related private placement documents. The global consultancy supports Issuers of public debt, private debt, convertible debt, senior notes, closed-end funds, credit funds, equities and preferred shares.
Prospectus.comĀ fees are typically 50% lower vs. prices charged by traditional securities law firms.
Schedule Your Free Consultation Today.
Principals of Acalyx Advisors assisted Encore throughout the process*, allowing Encore to hold a first and final fund closing only two months after publishing the Private Placement Memorandum. “We are pleased to have worked with the team at Acalyx, which has been our long term advisor and has helped us achieve this successful outcome, during a busy and critical time in our firm’s history,” said Encore Managing Director Kevin Murphy.
Latham & Watkins LLP served as legal counsel to the Fund.
*Principals of Acalyx Advisors acted in their capacity of registered representatives of Burch and Co, Inc., member FINRA/SiPC. Acalyx and Burch are unaffiliated entities.
Encore Consumer Capital Announces Close of Third Fund; Oversubscribed Private Placement