Farragut Expands Team & Announces New Investment

WASHINGTON, D.C. - Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce two exciting milestones: the addition of Connor Davis to its investment team and the closing of an investment in Phelps Industries, LLC. Connor joined Farragut in January as an Associate and will support investment activity of Farragut's second fund, Farragut SBIC Fund II, LP. Phelps marks the first investment of the new fund. 

Connor joins Farragut from Stout Risius Ross, where he provided analysis related to security formation, transaction advisory, fairness opinions, and solvency opinions for corporate acquisitions and divestures involving middle market companies. He is a graduate of the University of Virginia and is a native of Tennessee.

Based in Rockford, Ill., Phelps is a manufacturer and marketer of specialty pet treats sold under private label and contract manufacturing agreements to leading retailers and pet food brands. Phelps works with retailers and brands to provide "better-for-your-pet" treat portfolios and sources all ingredients in the U.S. Phelps is a portfolio company of Granite Bridge Partners.

About Farragut Capital Partners

Founded in 2013, Farragut Capital Partners, Inc. is a private investment management firm providing junior debt and non-control equity capital to finance leveraged buyouts, generational transfers, growth capital financings, and recapitalizations. Its latest investment vehicle, Farragut SBIC Fund II, LP, held its initial close in September 2018 and expects to hold a final close in 2019.  Farragut seeks to invest up to $10 million in established middle-market companies with proven business models and consistent cash flows.  The firm targets companies with strong, committed management teams and the potential for significant growth in equity value.

Farragut specializes in asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. The firm works with private equity groups, independent sponsors, senior lenders, and directly with owners and management teams to create and build value in its portfolio companies over time.

For more information, please visit us at www.farragutcapitalpartners.com.

Farragut Invests in Leading Over-the-Counter Healthcare & Consumer Products Company

WASHINGTON, D.C. – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of a $4.5 million subordinated debt investment in Wisconsin Pharmacal Co., LLC (the “Company”) in partnership with management.  Proceeds from the transaction were used to refinance existing debt. 

Founded over 100 years ago and based near Milwaukee, Wisconsin Pharmacal is a manufacturer and distributor of consumer products to the outdoor recreation, first aid, and over-the-counter personal care and hygiene markets.  The Company provides private label products to leading drug store and big box retailers in addition to products sold under its own brands, which include MG217 psoriasis products, vH Essentials feminine care products, and Potable Aqua water purification tablets.

“We’re excited to partner with Jeff and his team at Wisconsin Pharmacal,” said Phil McNeill, Managing Partner of Farragut.  “The Company is already a leader in a variety of niche product categories, and we look forward to supporting them as they continue to grow the existing portfolio and through the addition of other specialty brands.”

Farragut Invests in Ted's Bulletin Holdings, LLC

Farragut Invests in Ted's Bulletin Holdings, LLC

Farragut Capital Partners, LLC is pleased to announce the closing of an investment in Ted’s Bulletin Holdings, LLC.  Farragut invested subordinated debt and preferred equity in support of the acquisition of the Ted’s Bulletin group of restaurants from Matchbox Food Group.  The acquisition was led by Steve Salis, CEO of Salis Holdings and a successful entrepreneur known for building brands across a range of hospitality, leisure, real estate and retail businesses, and private equity firm JPB Capital Partners, a leader in retail and consumer-focused lower middle market buyouts.