|[January 10, 2013]
Wynnchurch Capital Announces Sale of Webex Holdings, Inc.
CHICAGO --(Business Wire)--
Wynnchurch Capital, Ltd. ("Wynnchurch") is pleased to announce the sale
of Webex Holdings, Inc. ("Webex"), to Bertram Capital. The sale closed
on December 24, 2012.
Headquartered in Neenah, Wisconsin, Webex is a leading designer and
manufacturer of precision engineered rolls, converting components and
specialized machinery used in web process manufacturing. The company's
products are sold to more than 2,000 customers worldwide, and are used
across a diverse group of end markets, including consumer products, food
products, flexible packaging, aerospace, pharmaceutical and healthcare.
Wynnchurch partnered with Paul Schulz to purchase Webex in 2007. "We
thank Paul and the Webex management team for all their efforts and
dedication throughout our ownership. Their strong leadership,
particularly through the last econoic downturn, contributed greatly to
a very successful outcome," said Wynnchurch Executive Vice President
Paul Schulz added, "I appreciate the support and guidance Wynnchurch
provided under their ownership. They were a true investment partner."
Livingstone Partners served as the exclusive financial advisor to Webex
and Wynnchurch. Terms of the deal were not disclosed.
ABOUT WYNNCHURCH CAPITAL
Wynnchurch Capital, Ltd. headquartered in the Chicago suburb of
Rosemont, Illinois with offices in Dallas, Detroit and Toronto, and an
affiliate office in Montreal, was founded in 1999 and is a leading
middle-market private equity investment firm. Wynnchurch's strategy is
to partner with middle market companies in the United States and Canada
which have outstanding management teams and possess the potential for
substantial growth and profit improvement. Wynnchurch focuses on
investments in niche manufacturing, business and industrial services,
energy and power services, logistics and value-added distribution
sectors. Wynnchurch manages a number of private equity funds with
capital under management in excess of $1 billion, specializing in
management buyouts, recapitalizations, corporate carve-outs,
restructurings and growth capital. For additional information about
Wynnchurch, please visit www.wynnchurch.com.
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