ROWAYTON, Conn., Dec. 16, 2020 (World NEWSWIRE) — Eaton Associates, a single of the world’s main non-public capital advisory and fund placement corporations and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is delighted to have acted as the exceptional monetary advisor for CommonWealth Fairness Companions (“CommonWealth”). Eaton Associates worked along with CommonWealth to elevate the firm’s CommonWealth Fairness Associates Fund I, LP, recapitalize present buyers in Ecore Worldwide (“Ecore”), and safe adhere to-on capital to fund potential acquisitions. Ecore is a world wide chief in transforming rubber squander into large general performance solutions and surfaces.
Established in 2020, CommonWealth is a Pennsylvania-primarily based personal fairness firm that will make manage investments in ESG and round economy-concentrated corporations. The company seeks to lover with center industry businesses with distinctive price-added circular economy products and solutions, procedures, engineering, and/or unique IP with robust management in location, and no dependencies on government subsidies. “We believe that organizations, like Ecore, who commit in ESG and the circular financial state can and will carry on to outperform the market place,” explained Robert Bernard, Partner and Co-Founder at CommonWealth.
Making use of above 120 million pounds of rubber tire waste every year, Ecore upcycles reclaimed rubber waste into superior-performance goods and surfaces for worldwide marketplace leaders. Ecore’s consumers include things like experienced athletics teams, sports and recreation amenities, health and fitness centers, hospitals, business interiors, resorts and lodging, transportation amenities, and aggressive equestrian facilities. In addition, Ecore’s longstanding dedication to customer safety and the natural environment has served the company thrive by means of the COVID-19 pandemic. In accordance to Michael DeRosa, Husband or wife and Co-Founder of CommonWealth, “Ecore has very long been an innovative chief in profitably promoting sustainable, circular products and solutions and I am particularly delighted for CommonWealth to have been in a position to lover with Art Dodge to direct this recapitalization as the organization focuses on its upcoming wave of advancement.”
The fund gained solid assistance from a diverse vary of institutional traders, such as best-tier personal fairness secondaries corporations, loved ones workplaces, foundations, and asset administrators. “We are happy to advise and guidance CommonWealth by way of its prosperous money raise of the firm’s to start with fund and the recapitalization of Ecore’s current funds base,” claimed Michael Pilson, Taking care of Director at Eaton Associates. “In my practical experience, I have never ever seen a much more actionable, remarkable ESG deal, and our means to increase money was in massive section due to the very ground breaking work that Ecore does.”
For Artwork Dodge, Founder and CEO of Ecore, the partnerships with Eaton and CommonWealth have been significant throughout this earlier calendar year. “When the shutdown hit, Eaton and CommonWealth taken care of target on the critical characteristics of the administration teams’ observe history, Ecore’s business model and resilience in the course of the pandemic. I am exceptionally happy of the function we are performing in our sector, and getting excellent partners operate with us to defeat the fundraising hurdles created by this pandemic speaks volumes about their approach to partnership.”
In addition to elevating major fund capital globally, Eaton Partners’ secondaries group focuses on GP-led transactions, which includes fund recapitalizations, restructuring, and other secondary transactions, and has an lively direct placements company. Over the last two a long time, Eaton Associates has encouraged GPs and companies on above $3. billion of secondary and immediate expense transactions.
About Eaton Companions
Eaton Companions, a Stifel Company, is just one of the world’s major funds placement brokers and fund advisory corporations, getting lifted extra than $140 billion across far more than 140 really differentiated choice financial investment money and offerings. Launched in 1983, Eaton advises and raises institutional capital for investment administrators throughout substitute methods – non-public equity, non-public credit score, genuine assets, true estate, and hedge money/community current market – in both the most important and secondary marketplaces. Eaton Partners maintains places of work and operates throughout North The us, Europe, and Asia.
Eaton Partners is a division of Stifel, Nicolaus & Enterprise, Incorporated, Member SIPC and NYSE. Eaton Companions subsidiary Eaton Partners (British isles) LLP is approved and regulated by the Economical Carry out Authority (FCA). Eaton Associates subsidiary Eaton Companions Advisors (HK) Restricted is accredited as a Style 1-accredited company beneath the Securities and Futures Commission (SFC) in Hong Kong. Eaton Companions and the Eaton Companions symbol are logos of Eaton Partners, LLC, a limited legal responsibility corporation. ® Eaton Companions, 2020.
About CommonWealth Equity Partners
Launched in 2020, CommonWealth is a Pennsylvania-based personal equity organization that tends to make command investments in ESG and round financial state-concentrated companies. The agency seeks to companion with middle marketplace organizations with special worth-included round financial state goods, procedures, technological know-how, and/or one of a kind IP with powerful management in position and no dependencies on governing administration subsidies. For a lot more information, please go to www.cwequity.com.
About Ecore Global
Ecore is a international leader in reworking rubber waste into substantial effectiveness products and surfaces. Ecore’s customers consist of specialist sporting activities groups, athletics and recreation amenities, physical fitness centers, hospitals, professional interiors, motels and lodging, transportation facilities, and competitive equestrian services. For much more facts, remember to check out www.ecoreintl.com.
Stifel Economic Corp. (NYSE: SF) is a fiscal providers keeping organization headquartered in St. Louis, Missouri, that conducts its banking, securities, and economic providers small business by a number of wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States via Stifel, Nicolaus & Corporation, Included, together with its Eaton Partners organization division Keefe, Bruyette & Woods, Inc. Miller Buckfire & Co., LLC and Century Securities Associates, Inc. The Company’s broker-seller affiliate marketers present securities brokerage, financial commitment banking, investing, expenditure advisory, and linked fiscal companies to person traders, expert cash supervisors, enterprises, and municipalities. Stifel Financial institution and Stifel Financial institution & Believe in give a total selection of shopper and professional lending solutions. Stifel Trust Corporation, N.A. and Stifel Believe in Organization Delaware, N.A. provide have faith in and connected companies. To understand a lot more about Stifel, remember to take a look at the Company’s web page at www.stifel.com. For world wide disclosures, make sure you pay a visit to https://www.stifel.com/trader-relations/push-releases.
Neil Shapiro, +1 (212) 271-3447
Jeff Preis, +1 (212) 271-3749