Judicial Caselaw is a resource for publicly available court filings. It is a DE Limited Liability Company. 212-318-9810. Wellspring Capital Management is a leading private equity firm headquartered in New York. 390 PARK AVENUE, NEW YORK, NY . Wellspring Capital Management Salaries. 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. Investment Philosophy; Target Investments; Portfolio Below is a list of private equity health care buyouts and add-on acquisitions completed during March 2021. 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. 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; . Paige C. Wood. They include spending $1 . 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 . However, a lawsuit filed by lender Prospect Capital Corp. against Ellett's owner, Wellspring Capital Management, alleges shadier dealings. 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's portfolio revenue in 2020 was approximately $4.5 billion, according to the firm. Share this with your network. 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. Corporate directors often ask for personal liability releases when deals go bad and debt needs to be restructured. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through . SportCo went into default and filed for Chapter 11 bankruptcy protection in June 2019. Gillian Tan. Judicial Caselaw. 212-318-9810. * 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, . The . Wellspring Capital Management is a leading private equity firm headquartered in New York. No financial terms were disclosed . Wellspring Capital Management LLC. . Bankruptcy Ruling Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Other Info. capital. "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. wellspring synonyms, wellspring pronunciation, wellspring translation, English dictionary definition of wellspring. The company was forced to file for bankruptcy in Delaware, where its parent company, United Sporting, is based. July 14, 2020 3:22pm. Less than a year later, the liquidation trustee sued Wellspring and related parties, alleging breaches of fiduciary duty of care and loyalty. 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 LLC has bought National Seating & Mobility Inc., a maker of wheelchairs and other mobility equipment, from Ridgemont Equ . Unique Documents. 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. The son of Wellspring Capital's CEO raped a woman in 2014 while at Bill Dawson's apartment, the lawsuit alleges. The Senior Advisors are not employees of Wellspring; they are engaged by the . Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. Back to Market Pulse. Less than a year later, the liquidation trustee sued Wellspring and related parties, alleging breaches of fiduciary duty of care and loyalty. Wellspring Capital Management LLC is legally known as WELLSPRING CAPITAL MANAGEMENT LLC. 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. -. This firm has 23 employees, of which 17 are employees in advisory roles. The case status is Pending - Other Pending. Associate. . 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; . A New York buyout baron has taken a leave of absence from his fund after an explosive lawsuit claimed last week that he . n. 1. Wellspring Capital Management is a leading private equity firm headquartered in New York. and gender." The lawsuit seeks to secure relief for similarly situated older, . Wigdor LLP has filed a lawsuit on behalf of a former Wellspring Capital Management employee who alleges she was raped by Christopher Dawson. 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 . It is a DE Limited Liability Company. Records show Bellwether is owned by Wellspring Capital Management, a New York private equity firm. management. 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 . One of its lenders, Prospect Capital, filed a lawsuit against United Sporting's owner, Wellspring Capital Management. According to the lawsuit, . SportCo went into default and filed for Chapter 11 bankruptcy protection in June 2019. 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 . 212-318-9800. By. The two lawsuits--the first filed in April by Wellspring Hospice Solutions LLC of . 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. According to the lawsuit, . While the Chapter 11 bankruptcy filing is bad news for the industry, the pending lawsuit filed by Prospect Capital Corp. could be devastating. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through . 2. 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. 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. Define wellspring. 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. 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 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 . Wellspring sold the restaurant and entertainment company Dave & Buster's Inc. to Oak Hill Capital Partners for $570-million last year. Log in or to post comments. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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 . Wellspring Capital Management LLC is legally known as WELLSPRING CAPITAL MANAGEMENT LLC. Iris Dorbian. Associate. Nearly 10 months after a Charleston judge approved a settlement in a federal lawsuit filed by former . The basic complaint is that Wellspring directors put self-interests above those of the company and its creditors. William W. Russell. Whalewisdom has at least 2 13D filings. The acquisition further cements Pentec Health's leadership . Vogel Consulting is a multi-family office (MFO) offering an integrated approach to wealth management. 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 . The amount of Wellspring's offer for Hooters hasn't been made public. though a lender is accusing majority owner Wellspring Capital Management of financial . The Riverside Company 99.4%. 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 LLC, a New York-based private equity firm, . By teaming up with strong management, Wellspring is able to unlock underlying value and . 212-318-9800. Prior to Oculus, Mr. Braddock was a Founder and Managing Partner of . Wellspring Capital CEO Bill Dawson LinkedIn. However, a lawsuit filed by lender Prospect Capital Corp. against Ellett's owner, Wellspring Capital Management, alleges shadier dealings. Senior Associate salaries - 3 salaries reported. $95,735 / yr. Programmer/Analyst salaries - 2 salaries reported. To start viewing messages, select the forum that you want to visit from the selection below. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and . 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 . Founded in 1995, the private-equity firm focuses mostly on companies in industries such as restaurants, manufacturing and distribution. 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 . Other Info. Thomas S. Kingshott. Order, Supreme Court, New York County (Joel M. Cohen, J. Salary. View Data as Table. 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 . Lawsuit: Drugmaker secret . Wellspring Capital Management is a leading private equity firm headquartered in New York. Fox5 reporter Lidia Curanaj in a lawsuit alleging gender and pregnancy discrimination against Twenty-First Century Fox, Inc . If this is your first visit, be sure to check out the FAQ by clicking the link above. Wellspring Capital Management, a middle-market private equity firm, bought AdvoServ in November 2015 in a leveraged buyout. ), 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 . 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 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 . This firm has 23 employees, of which 17 are employees in advisory roles. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. The firm's objective is to bring partnership, experience and value creation to each investment. 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. The number of clients served by it is . Walker,Jr. Mr. Braddock is the Chief Financial Officer of Stellex Capital Management and its affiliates. $129,094 / yr. Hardware Engineer salaries - 2 salaries reported. 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. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Wellspring Capital Management Ltd is a Manchester based Investment Advisory firm focused on investing in a concentrated portfolio of undervalued public companies. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments . After reports of abuse and neglect at AdvoServ's Florida homes, it . You will have to register before you will be permitted to post: click the register link above to proceed. 390 PARK AVENUE, NEW YORK, NY . 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 . March 24, 2022 | Insurance Authority Exclusive Wellspring Not Covered For Gun Co.'s Bankruptcy Suit January 14, 2022 Evaluating Director Protections After Del. 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 . United Sporting's chief restructuring officer, Dalton Edgecomb sent a notice about the layoffs last week. 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. 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 . Job Title. Wellspring Capital Management LLC. 11 October 2021. 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. "Caring Brands . Associate. ; Todd Boehly; Bernard Ziomek; Andrew Kupchik . The basic complaint is that Wellspring directors put self-interests above those of the company and its creditors. Through spokesman Brian Burgess, the businesses declined to discuss the lawsuit. The number of clients served by it is . The source of a stream or spring. . Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and . 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 is based out of New York. Printer-Friendly Version. Source: Institutional Investor - A former Wellspring Capital Management employee filed a lawsuit against the son of . 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). 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 . 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 . 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. Home; About Us; Investment Approach. 20-50554, 2021 WL 4823513 (Bankr.D. "CEI is a great company known . 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. Middle Market Private Equity. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds.