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.