ST. LOUIS & NEW YORK–(BUSINESS WIRE)–Thompson Road Capital Companions (“Thompson Road” or the “Firm”) and Wafra Inc. (“Wafra”) collectively introduced at present that funds managed by Wafra have acquired a strategic minority possession curiosity in Thompson Road. Thompson Road is a number one middle-market non-public fairness agency primarily based in St. Louis targeted on investing in founder-led companies within the healthcare, know-how and enterprise and shopper companies sectors.
Wafra’s minority funding will assist the scaling of the Thompson Road platform and the achievement of key strategic initiatives. Management of Thompson Road’s funding processes, administration and day-to-day operations is not going to be affected by this transaction. The phrases haven’t been disclosed.
“We’re delighted to companion with Wafra, a agency whose likeminded strategy to partnership will assist this new chapter as we search to maximise worth for our buyers,” mentioned Jim Cooper, a Managing Associate of Thompson Road. Bob Dunn, a Managing Associate of Thompson Road, added, “Thompson Road’s distinctive place as a frontrunner within the center market exterior of coastal monetary hubs will profit from cross-pollination amongst Wafra’s community of world institutional buyers. We consider there are important potential areas of collaboration, and we look ahead to a fruitful, long-term partnership with the Wafra workforce.”
“We’re happy to companion with Thompson Road on its subsequent section of progress. This partnership continues Wafra’s technique of investing in main different asset administration groups to boost worth and create long-term alignment,” mentioned Fawaz Al-Mubaraki, Chief Govt Officer of Wafra. “Pushed by a proficient workforce of funding professionals, Thompson Road deploys a differentiated funding strategy that has supplied robust and constant returns to buyers for over 20 years. We’re excited to companion with them on this subsequent chapter,” mentioned Lauren Wealthy, a Managing Director at Wafra.
Thompson Road was suggested by Evercore as monetary advisor and Kirkland & Ellis as authorized counsel. Wafra was suggested by Fried, Frank, Harris, Shriver & Jacobson LLP as authorized counsel.
About Thompson Road
Thompson Road is a St. Louis-based non-public fairness agency targeted on investing in founder-led center market companies. Since founding in 2000, Thompson Road has acquired greater than 200 corporations within the life sciences & healthcare, software program & know-how and enterprise & shopper companies sectors. Thompson Road companions with administration groups to extend worth by accelerating the expansion of its portfolio corporations with a give attention to implementing untapped income potential initiatives. For extra info, please go to www.tscp.com.
Wafra is a world different asset supervisor with roughly $33 billion of belongings underneath administration. Funds suggested by Wafra have fashioned 24 strategic partnerships with each growth-stage and mature different asset managers. By offering versatile and accretive capital options and specializing in the long run, Wafra aligns with and invests in high-quality funding administration groups. Headquartered in New York, Wafra and its associates have extra places of work in London, Kuwait and Bermuda. For extra info, please go to www.wafra.com.