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ROWAYTON, Conn., Dec 16, 2020 (World NEWSWIRE by using COMTEX) —
ROWAYTON, Conn., Dec. 16, 2020 (Globe NEWSWIRE) — Eaton Companions, one particular of the world’s leading private funds advisory and fund placement firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have acted as the exclusive economical advisor for CommonWealth Fairness Associates (“CommonWealth”). Eaton Associates worked alongside CommonWealth to elevate the firm’s CommonWealth Fairness Associates Fund I, LP, recapitalize existing buyers in Ecore Worldwide (“Ecore”), and safe observe-on funds to fund long run acquisitions. Ecore is a world-wide leader in reworking rubber waste into high functionality goods and surfaces.
Launched in 2020, CommonWealth is a Pennsylvania-centered personal fairness company that can make management investments in ESG and circular financial state-targeted companies. The business seeks to associate with middle industry companies with exceptional value-additional circular economic climate items, procedures, technological know-how, and/or exceptional IP with sturdy administration in place, and no dependencies on authorities subsidies. “We believe that that companies, like Ecore, who invest in ESG and the circular financial system can and will continue on to outperform the market,” explained Robert Bernard, Husband or wife and Co-Founder at CommonWealth.
Applying above 120 million pounds of rubber tire squander every year, Ecore upcycles reclaimed rubber waste into significant-functionality products and solutions and surfaces for world wide market leaders. Ecore’s consumers contain skilled sports activities groups, athletics and recreation facilities, conditioning facilities, hospitals, professional interiors, inns and lodging, transportation facilities, and competitive equestrian facilities. In addition, Ecore’s longstanding determination to shopper basic safety and the atmosphere has served the business thrive by means of the COVID-19 pandemic. According to Michael DeRosa, Husband or wife and Co-Founder of CommonWealth, “Ecore has prolonged been an progressive leader in profitably promoting sustainable, round merchandise and I am really pleased for CommonWealth to have been in a position to lover with Artwork Dodge to guide this recapitalization as the company focuses on its next wave of advancement.”
The fund been given strong support from a varied variety of institutional investors, together with top rated-tier private fairness secondaries corporations, relatives workplaces, foundations, and asset professionals. “We are very pleased to recommend and guidance CommonWealth through its effective capital elevate of the firm’s very first fund and the recapitalization of Ecore’s present cash base,” stated Michael Pilson, Controlling Director at Eaton Partners. “In my experience, I have never ever observed a a lot more actionable, thrilling ESG offer, and our potential to increase money was in big component because of to the very revolutionary operate that Ecore does.”
For Art Dodge, Founder and CEO of Ecore, the partnerships with Eaton and CommonWealth have been critical for the duration of this previous calendar year. “When the shutdown strike, Eaton and CommonWealth maintained focus on the vital characteristics of the management teams’ keep track of document, Ecore’s organization product and resilience for the duration of the pandemic. I am exceptionally proud of the operate we are performing in our business, and obtaining terrific partners function with us to defeat the fundraising hurdles established by this pandemic speaks volumes about their method to partnership.”
In addition to elevating key fund funds globally, Eaton Partners’ secondaries team focuses on GP-led transactions, which involves fund recapitalizations, restructuring, and other secondary transactions, and has an lively direct placements enterprise. More than the past two years, Eaton Associates has suggested GPs and companies on above $3. billion of secondary and immediate expenditure transactions.
About Eaton Companions
Eaton Partners, a Stifel Company, is one of the world’s major cash placement agents and fund advisory companies, possessing lifted much more than $140 billion throughout more than 140 highly differentiated different expense resources and offerings. Started in 1983, Eaton advises and raises institutional cash for expenditure administrators throughout alternative methods – personal fairness, personal credit history, authentic property, real estate, and hedge resources/general public market place – in both equally the major and secondary markets. Eaton Associates maintains offices and operates throughout North The usa, Europe, and Asia.
Eaton Associates is a division of Stifel, Nicolaus & Business, Incorporated, Member SIPC and NYSE. Eaton Associates subsidiary Eaton Associates (Uk) LLP is licensed and controlled by the Fiscal Carry out Authority (FCA). Eaton Associates subsidiary Eaton Associates Advisors (HK) Minimal is approved as a Kind 1-certified company under the Securities and Futures Commission (SFC) in Hong Kong. Eaton Companions and the Eaton Partners logo are trademarks of Eaton Associates, LLC, a limited liability organization. (R) Eaton Companions, 2020.
About CommonWealth Fairness Partners
Launched in 2020, CommonWealth is a Pennsylvania-based mostly non-public fairness company that will make command investments in ESG and circular economy-centered providers. The firm seeks to associate with center sector firms with exclusive price-extra circular economic system products and solutions, processes, technologies, and/or special IP with potent administration in spot and no dependencies on govt subsidies. For additional information, please visit www.cwequity.com.
About Ecore Global
Ecore is a international leader in transforming rubber waste into large performance items and surfaces. Ecore’s shoppers consist of skilled sports activities teams, sporting activities and recreation amenities, exercise facilities, hospitals, industrial interiors, resorts and lodging, transportation services, and aggressive equestrian services. For extra information and facts, make sure you check out www.ecoreintl.com.
About Stifel
Stifel Economical Corp. (NYSE: SF) is a economical expert services keeping organization headquartered in St. Louis, Missouri, that conducts its banking, securities, and economical solutions company through quite a few wholly owned subsidiaries. Stifel’s broker-supplier consumers are served in the United States as a result of Stifel, Nicolaus & Enterprise, Incorporated, such as its Eaton Associates business enterprise division Keefe, Bruyette & Woods, Inc. Miller Buckfire & Co., LLC and Century Securities Associates, Inc. The Firm’s broker-seller affiliate marketers give securities brokerage, investment banking, investing, expense advisory, and associated financial services to unique buyers, professional cash administrators, organizations, and municipalities. Stifel Lender and Stifel Lender & Have faith in supply a total array of client and industrial lending alternatives. Stifel Rely on Firm, N.A. and Stifel Have confidence in Organization Delaware, N.A. give belief and connected products and services. To learn additional about Stifel, remember to go to the Firm’s site at www.stifel.com. For worldwide disclosures, you should take a look at https://www.stifel.com/trader-relations/press-releases.
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