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Private Equity
onwardcapllc.com

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Portfolio Exits

1

About Onward Capital

Onward Capital is a private equity firm focused on investing in and growing lower middle-market industrial businesses. Onward partners with management teams to build value through operational improvements, professional management practices, and access to external relationships and growth capital. Onward invests in partnership with family offices, mezzanine funds, equity funds, industry executives, and high net-worth individuals.

Onward Capital Headquarter Location

525 West Monroe Suite 22109

Chicago, Illinois, 60061,

United States

312-577-8018

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Latest Onward Capital News

Tecum, TCF Capital Join ORIX Mezzanine to Back Onward Capital’s Acquisition of FSC Lighting

Oct 5, 2018

Tecum, TCF Capital Join ORIX Mezzanine to Back Onward Capital’s Acquisition of FSC Lighting October 05, 2018, 07:06 AM ORIX Mezzanine & Private Equity, a business unit of ORIX Corporation USA, announced that it has made an equity investment in partnership with Chicago-based private equity investor Onward Capital to facilitate the acquisition of FSC Lighting (FSC). ORIX Mezzanine & Private Equity is a equity capital partner for independent sponsors throughout North America. Tecum Capital led the mezzanine debt financing, and TCF Capital Funding—a division of TCF National Bank—provided senior debt financing in support of the acquisition. “We are pleased to invest equity alongside Onward Capital in the acquisition of FSC, a manufacturer of energy-efficient LED lighting solutions,” said Jeff Sangalis, head of ORIX Mezzanine & Private Equity. “Since our formation in 2012, 28 of our 36 platform investments have been with independent sponsors. We rely on sophisticated partners like Onward Capital, which has extensive experience investing in and growing lower middle-market manufacturing and value-added distribution businesses, to manage the investments in which we provide equity.” Laura Lester, partner at Onward Capital, said, “ORIX’s flexible equity capital and junior debt solution allowed us to complete the transaction smoothly. FSC’s reputation for innovative lighting solutions and outstanding customer service is unparalleled, and we look forward to working with the management team to enter new market segments, develop new products and build upon the company’s success.” FSC makes and assembles customized, energy-efficient lighting solutions for industrial, commercial and retail clients across the country. FSC’s continued success stems from its mission: “go beyond efficiency.” For clients, this means providing comprehensive product support, fast and cost-efficient customization, advanced controls and innovative, application-specific lighting solutions. For employees and the community at large, going beyond efficiency means building a supportive, stable and empowering work environment. One example: the company’s “Made With Care” program, which integrates developmentally disabled adults into the workforce. “We’re thrilled to join forces with Onward Capital and its investors,” said John Watkins, president of FSC. “We’ve been looking for partners who would support our growth, share our vision for the company and enable us to continue to provide the stellar customer experience our clients have come to expect. FSC is now positioned to do this on an even greater scale.”

Onward Capital Portfolio Exits

1 Portfolio Exit

Onward Capital has 1 portfolio exit. Their latest portfolio exit was Domaille Engineering on December 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

12/1/2021

Acquired

1

Date

12/1/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Onward Capital Acquisitions

3 Acquisitions

Onward Capital acquired 3 companies. Their latest acquisition was Stanley Engineering on February 08, 2019.

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

2/8/2019

Acq - Fin

1

10/2/2018

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$99M

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10

12/7/2016

Acq - Fin

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$99M

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10

Date

2/8/2019

10/2/2018

12/7/2016

Investment Stage

Acq - Fin

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

Onward Capital Team

2 Team Members

Onward Capital has 2 team members, including current Founding Partner, Laura Lester.

Name

Work History

Title

Status

Laura Lester

CHS Capital, and Lehman Brothers

Founding Partner

Current

Marcus George

CHS Capital, and KPMG

Founding Partner

Former

Name

Laura Lester

Marcus George

Work History

CHS Capital, and Lehman Brothers

CHS Capital, and KPMG

Title

Founding Partner

Founding Partner

Status

Current

Former

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