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A locally based private equity fund invested in its fifth portfolio company. Charter Growth Capital Fund (CGCF), a fund managed by the principals of Grand Rapids-based Charter Capital Partners, said last week that it invested in Premier Engineered Products (PEP). CGCF provided mezzanine debt in support of the recapitalization. Birmingham-based Colfax Creek is the lead investor in the …

Charter Growth Capital Fund invests in Premier Engineered Products Read More »

New York City-based private equity firm ASGARD Partners & Co. has acquired a controlling interest in Angstrom Technology, a Grand Rapids company that designs, builds and maintains modular cleanrooms for clients in North America. M&A firm Charter Capital Partners in Grand Rapids represented Angstrom Technology in the transaction. Dickinson Wright PLLC served as legal advisor to Angstrom while McGuireWoods LLP in …

Private equity firm acquires controlling interest in Grand Rapids cleanroom producer Read More »

The COVID-19 pandemic that slammed the economy this spring could generate more M&A deals in the months ahead. Sales involving distressed companies, asset sales and even liquidations could rise toward the end of the year and into 2021, according to M&A and turnaround professionals. They describe a landscape nearly eight months into the pandemic where …

M&A deals for distressed companies expected to pick up in months ahead Read More »

The 18 Michigan investors who invested in a Florida craft rum distiller are backing a fast-growing industry that offers plenty of opportunity. Nearly all of the investors involved in the $1.33 million investment in Key West-based Papa’s Pilar rum are from West Michigan, according to Dale Grogan, managing director at Grand Rapids-based investment bank Charter …

West Michigan investors join growing interest in craft distillery market Read More »

By: Elisa Berger, Vice President, Charter Capital Partners For many business owners, the decision surrounding how and when to exit the business can be complicated and emotional. It is one of the most important life events for any business owner, yet many push planning to the back burner, believing it can be tackled later when …

Succession planning – optimizing value through a strategic exit Read More »

Charter Capital Partners portfolio company Grand River Aseptic Manufacturing has landed a major $160 million federal contract to produce a new COVID-19 vaccine once it’s ready and available. Under the contract with the U.S. Department of Defense and the Department of Health and Human Services, Grand River Aseptic Manufacturing Inc.’s production and distribution capacity would …

GR pharmaceutical firm lands $160M contract to produce COVID-19 vaccine Read More »

By Mike Palm, Director, Charter Capital Partners After more than 10 years of unprecedented economic expansion, the COVID-19 pandemic has brought us to economy zero, impacting both cash reserves and cash flows of many businesses. Despite a likely shift to a more risk-averse credit market, numerous potential financing sources can help businesses through this uncertain …

Increasing liquidity through a capital raise Read More »

Charter Capital Partners is proud to share that our portfolio company Swift Biosciences has been recognized as a member of SPHERES, a national open genomics consortium for the COVID-19 response. SPHERES – an acronym for the SARS-CoV-2 Sequencing for Public Health Emergency Response, Epidemiology and Surveillance – is led by the CDC. Key components of …

Swift Biosciences recognized as member of SPHERES Read More »

Charter Capital Partners served as exclusive M&A advisor to Supply Chain Services in its acquisition by Sole Source Capital, an industrial-focused private equity firm providing capital to North American lower-middle market companies. Founded in 2002, Supply Chain Services is a premier provider of automatic identification and data capture (AIDC) and factory automation solutions to customers …

Supply Chain Services Acquired by Sole Source Capital Read More »

The Michigan Economic Development Corp. plans to put $3 million into a capital fund that will invest in early-stage technology companies. The Michigan State University Foundation will match the state money with $2.5 million of its own, for $5.5 million total, and manage the Pre-Seed Fund III, which will operate similarly to two prior capital …

MSU Foundation to manage state-backed $5.5M pre-seed fund Read More »

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