Predict your next investment

Private Equity
nep.com

See what CB Insights has to offer

Investments

71

Portfolio Exits

36

Funds

10

Partners & Customers

1

About Norwest Equity Partners

Norwest Equity Partners (NEP) is a private equity / growth equity investment firm focused on middle market companies. NEP manages $4.6 billion of capital through a series of equity and mezzanine limited partnerships. NEP partners with business owners, building businesses into industry leaders. The firm offers creative and flexible transaction solutions through management buyouts, recapitalizations, and growth financings.

Norwest Equity Partners Headquarter Location

80 South 8th Street Suite 3600

Minneapolis, Minnesota, 55402,

United States

612-215-1600

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Norwest Equity Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Norwest Equity Partners in 1 Expert Collection, including Pharma Startups.

P

Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

Latest Norwest Equity Partners News

NEP sells Focal Point Data Risk to global IT solutions provider CDW Corporation

Aug 16, 2021

Submitted Norwest Equity Partners (NEP), a middle market investment firm founded in 1961, has completed the sale of its portfolio company, Focal Point Data Risk, a data risk management services company, to CDW Corporation (CDW), a multi-brand provider of information technology solutions. The transaction closed on 30 July, 2021. Serving mid-to-large enterprises and governments in the US and internationally, Focal Point offers solutions that help companies secure their business so they can grow and innovate without risk. Solutions offered include professional and managed services across identity & access management, cybersecurity & data privacy, cyber defense, cyber skills development, and other risk consulting services. Whether cyber threats, privacy and security challenges, compliance mandates or system implementations, Focal Point solutions help enhance security programs by modernising technology, optimising processes, developing people, and eliminating vulnerabilities. Brian Allingham, NEP Partner, says: “Cybersecurity continues to be an attractive, fast-growing segment and Focal Point has built a strong reputation and will continue to hold a strong position within its core offerings in the industry. We are excited to watch their continued growth with CDW.” NEP initially invested in Focal Point in 2014 with Halyard Capital serving as co-investor. Add-on acquisitions helped contribute to growth and during the investment period, Focal Point completed two and restructured its platform to further enable clients and enhance growth. Technology Integration is a leading IAM governance, deployment and integration services offering; Workforce Development offers cybersecurity training, consulting and solutions, with its main training facility based in Columbia, MD; and Advisors is a leading governance, risk and compliance advisory consulting group with offices throughout the US. “The NEP team worked side by side with us to intentionally shift our business model from lower-value audit and compliance work to higher-value, more in-demand cybersecurity services. This included everything from strategy to implementation to employee skills development. We value the advice and support NEP gave us over the years as we are well-positioned for continued success with CDW,” says Brian Marlier, Focal Point CEO. Guggenheim Securities, LLC advised Focal Point on the sale transaction; Winston & Strawn served as legal advisor; and Grant Thornton provided transaction advisory services. Focal Point is headquartered in Tampa, FL and employs 235 people. More information can be found at focal-point.com. With offices in Minneapolis and West Palm Beach, NEP has been investing in growing, profitable, and scalable middle market companies for more than 60 years.

Norwest Equity Partners Investments

71 Investments

Norwest Equity Partners has made 71 investments. Their latest investment was in Recteq as part of their Private Equity on February 2, 2021.

CBI Logo

Norwest Equity Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/1/2021

Private Equity

Recteq

Yes

1

6/25/2019

Private Equity

Arteriors

Yes

2

10/3/2018

Private Equity

Institution for Integrative Nutrition

Yes

2

7/25/2018

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

11/8/2017

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/1/2021

6/25/2019

10/3/2018

7/25/2018

11/8/2017

Round

Private Equity

Private Equity

Private Equity

Private Equity

Private Equity

Company

Recteq

Arteriors

Institution for Integrative Nutrition

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

2

10

10

Norwest Equity Partners Portfolio Exits

36 Portfolio Exits

Norwest Equity Partners has 36 portfolio exits. Their latest portfolio exit was Avtex Solutions on March 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/1/2021

Acquired

$991

TTEC

5

8/19/2019

Acq - Fin

$991

Centerbridge Partners

4

8/19/2019

Leveraged Buyout

Centerbridge Partners

1

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

Date

3/1/2021

8/19/2019

8/19/2019

00/00/0000

00/00/0000

Exit

Acquired

Acq - Fin

Leveraged Buyout

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

$991

Acquirer

TTEC

Centerbridge Partners

Centerbridge Partners

Subscribe to see more

Subscribe to see more

Sources

5

4

1

10

10

Norwest Equity Partners Acquisitions

42 Acquisitions

Norwest Equity Partners acquired 42 companies. Their latest acquisition was Red Monkey Foods on December 11, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/11/2020

Loan

$27.31M

Acq - Fin - II

1

12/16/2019

Acq - Fin

1

12/2/2019

Shareholder Liquidity

Shareholder Liquidity

1

11/27/2019

Subscribe to see more

$99M

Subscribe to see more

10

2/12/2018

Acq - Fin - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/11/2020

12/16/2019

12/2/2019

11/27/2019

2/12/2018

Investment Stage

Loan

Shareholder Liquidity

Acq - Fin - II

Companies

Subscribe to see more

Subscribe to see more

Valuation

Total Funding

$27.31M

$99M

$99M

Note

Acq - Fin - II

Acq - Fin

Shareholder Liquidity

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

Norwest Equity Partners Fund History

10 Fund Histories

Norwest Equity Partners has 10 funds, including Norwest Equity Partners X.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/14/2015

Norwest Equity Partners X

Diversified Private Equity

$1,600M

1

12/31/2011

NMP III LP

Mezzanine

$750M

1

9/2/2008

Norwest Equity Partners IX LP

Diversified Private Equity

$1,200M

1

12/31/2004

NMP II LP

Subscribe to see more

$99M

10

9/9/2004

Norwest Equity Partners VIII LP

Subscribe to see more

$99M

10

Closing Date

4/14/2015

12/31/2011

9/2/2008

12/31/2004

9/9/2004

Fund

Norwest Equity Partners X

NMP III LP

Norwest Equity Partners IX LP

NMP II LP

Norwest Equity Partners VIII LP

Fund Type

Diversified Private Equity

Mezzanine

Diversified Private Equity

Subscribe to see more

Subscribe to see more

Status

Amount

$1,600M

$750M

$1,200M

$99M

$99M

Sources

1

1

1

10

10

Norwest Equity Partners Partners & Customers

1 Partners and customers

Norwest Equity Partners has 1 strategic partners and customers. Norwest Equity Partners recently partnered with CapMan on January 1, 2014.

Date

Type

Business Partner

Country

News Snippet

Sources

1/29/2014

Partner

CapMan

Finland

1

Date

1/29/2014

Type

Partner

Business Partner

CapMan

Country

Finland

News Snippet

Sources

1

Norwest Equity Partners Team

6 Team Members

Norwest Equity Partners has 6 team members, including current Controller, Darren Herz.

Name

Work History

Title

Status

Darren Herz

Controller

Current

Timothy Devries

General Partner

Current

John Lindahl

General Partner

Current

Steven W Burge

General Partner

Former

Charles Lannin

General Partner

Former

Name

Darren Herz

Timothy Devries

John Lindahl

Steven W Burge

Charles Lannin

Work History

Title

Controller

General Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Former

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.