On September 16, 2021, WP Global Partners announced the full realization of its direct investment in Foundation Partners. Foundation Partners is a national operator of funeral homes, crematoriums, and cemeteries. WP Global invested in Foundation Partners in June 2015 alongside Access Holdings. WP Global found the investment attractive because of the fragmented nature of the death [...]
On September 17, 2021, WP Global Partners invested in Paro. Paro makes it easy for businesses to outsource accounting work through an AI-enabled marketplace.
August 31, 2021 - WP Global Partners announced the sale of Monogram Foods through a dividend recap and merger transaction that closed on August 27, 2021. WP Global directly sourced the investment as part of its food and agriculture-based strategy and also invested on behalf of COREalpha Private Equity Partners Co-Investment Fund IV. Monogram Foods [...]
August 25, 2021 - Ginger, a leader in on-demand mental healthcare, and Headspace, a global leader in mindfulness and meditation, announced they have entered into a definitive agreement to merge. The combined entity, Headspace Health, will offer the world’s most accessible and comprehensive digital mental health and wellbeing platform. By coming together at a critical moment [...]
On August 11, 2021, WP Global Partners announced the sale of its remaining position in Bright Farms as part of a negotiated buyout transaction with majority shareholder, Cox Enterprises. Bright Farms is a premier indoor farming company growing fresh and salad greens supplied locally to national supermarkets including Walmart, Kroger, and Ahold. Bright Farms has [...]
On July 15, 2021, G-CON Manufacturing was sold to a financial buyer, Summa Equity. G-CON designs, builds, and installs prefabricated G-CON POD cleanrooms. G-CON’s POD portfolio provides cleanrooms in a number of dimensions for a variety of uses, from laboratory environments to personalized medicine and production process platforms. G-CON’s cleanrooms are differentiated based on the scalability, [...]
Sarah Penney handles accounting functions for various WP Global funds. Prior to joining WP Global, she worked as a Tax Accountant at Plante Moran. Ms. Penney holds B.A. degrees in Accounting and Finance from the University of Cincinnati. She is a Certified Public Accountant.
On June 28, 2021, JBT Corporation (NYSE: JBT) announced the acquisition of Prevenio (fka CMS Technology) in an all-cash transaction for $170 million. Prevenio is a leading food safety company providing innovative solutions that offer pathogen protection and food safety in the protein and produce markets. Prevenio utilizes proprietary automated processes to deliver tailored solutions [...]
On June 10, 2021, WP Global Partners exited its investment in Lakeview Farms. Lakeview Farms is a leading manufacturer, marketer, and distributor of both branded and private label refrigerated desserts, dips, hummus, salsas, and Hispanic-focused rice puddings. WP Global invested in Lakeview Farms in December 2014 alongside Sequel Holdings. Operating in food industry segments where [...]
May 18, 2021 - Pitchbook recognized WP Global's WP North America II Fund as the top performer in its universe of 2010 vintage fund-of-funds. WP Global's COREalpha III Fund was also recognized in the top five. Past performance is not indicative of future results. Read more here.
