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Private Equity
nep.com

Investments

73

Portfolio Exits

39

Funds

10

Partners & Customers

2

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.

Headquarters Location

80 South 8th Street Suite 3600

Minneapolis, Minnesota, 55402,

United States

612-215-1600

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Norwest Equity Partners Investments

73 Investments

Norwest Equity Partners has made 73 investments. Their latest investment was in Poolwerx as part of their Private Equity on July 7, 2022.

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Norwest Equity Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2022

Private Equity

Poolwerx

Yes

1

11/9/2021

Private Equity

Thibaut

Yes

1

2/1/2021

Private Equity

Recteq

Yes

1

6/25/2019

Private Equity

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10

10/3/2018

Private Equity

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10

Date

7/7/2022

11/9/2021

2/1/2021

6/25/2019

10/3/2018

Round

Private Equity

Private Equity

Private Equity

Private Equity

Private Equity

Company

Poolwerx

Thibaut

Recteq

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Norwest Equity Partners Portfolio Exits

39 Portfolio Exits

Norwest Equity Partners has 39 portfolio exits. Their latest portfolio exit was Pure Archery Group on July 11, 2022.

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

7/11/2022

Acq - Fin - II

$99M

1

3/2/2022

Acq - Fin - II

$99M

3

10/11/2021

Acq - Fin - III

$99M

2

3/1/2021

Acquired

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$99M

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10

12/2/2019

Shareholder Liquidity

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$99M

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10

Date

7/11/2022

3/2/2022

10/11/2021

3/1/2021

12/2/2019

Exit

Acq - Fin - II

Acq - Fin - II

Acq - Fin - III

Acquired

Shareholder Liquidity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

3

2

10

10

Norwest Equity Partners Acquisitions

44 Acquisitions

Norwest Equity Partners acquired 44 companies. Their latest acquisition was QTI Fibers on July 01, 2022.

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

7/1/2022

Other Venture Capital

$99M

$24M

Acq - Fin - III

2

10/25/2021

Private Equity

$99M

Acq - Fin

1

12/11/2020

Debt

$99M

$27.31M

Acq - Fin - II

1

12/16/2019

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$99M

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10

11/27/2019

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$99M

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10

Date

7/1/2022

10/25/2021

12/11/2020

12/16/2019

11/27/2019

Investment Stage

Other Venture Capital

Private Equity

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$24M

$27.31M

Note

Acq - Fin - III

Acq - Fin

Acq - Fin - II

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Sources

2

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

Closed

$1,600M

1

12/31/2011

NMP III LP

Mezzanine

Closed

$750M

1

9/2/2008

Norwest Equity Partners IX LP

Diversified Private Equity

Closed

$1,200M

1

12/31/2004

NMP II LP

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$99M

10

9/9/2004

Norwest Equity Partners VIII LP

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$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

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Status

Closed

Closed

Closed

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Amount

$1,600M

$750M

$1,200M

$99M

$99M

Sources

1

1

1

10

10

Norwest Equity Partners Partners & Customers

2 Partners and customers

Norwest Equity Partners has 2 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

Finland

1

9/28/2011

Partner

Finland

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10

Date

1/29/2014

9/28/2011

Type

Partner

Partner

Business Partner

Country

Finland

Finland

News Snippet

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Sources

1

10

Norwest Equity Partners Team

8 Team Members

Norwest Equity Partners has 8 team members, including current Controller, Darren Herz.

Name

Work History

Title

Status

Darren Herz

Controller

Current

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Name

Darren Herz

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Work History

Title

Controller

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Status

Current

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