Latest Century Park Capital Partners News
Sep 10, 2021
Winston & Strawn represented Covercraft, while Ropes & Gray represented Audax in the transaction. Audax Private Equity executed the acquisition of a majority stake in Covercraft Industries, a leading manufacturer of custom vehicle protection products, from Century Park Capital Partners. Terms of the transaction were not disclosed. Covercraft Industries, LLC is a leading branded manufacturer of Automotive, Marine and Recreational Vehicle protection products, as well as a market leader in outdoor protection products for Home and Garden. Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Century Park Capital Partners is a Los Angeles-based private equity group established in 2000 that invests in family businesses, owner-operated firms and corporate divestitures with the purpose of accelerating growth and transforming these companies into leading industry players. Ropes & Gray team that advising Audax was led by private capital transitions partner Ken Chow, (Picture) and included private capital transactions partner Kevin Jarboe; private capital transactions associates Mike Palermo, Nick Smith, and Chip Winkler; and private capital transactions senior attorney Erin Daley. Winston & Strawn represented Century Park Capital Partners with a team including partners Eva Davis, Steve Flores, Kyle G. Foley, Eleni Kouimelis, Olga A. Loy, Becky L. Troutman, and associates Farah Z. Alkayed, Joseph V. Anderson, Brendan P. Mace, Sharon Mori, and Mina R. Rizk.