Mar 21, 2025 | GroveStreet, In the News
Long Ridge Equity Partners exits NinjaTrader, a leading provider of high-performance trading software and self-directed brokerage services for active retail futures traders. NinjaTrader was acquired by Kraken, a leading U.S.-based cryptocurrency platform.
Long Ridge led a majority recapitalization of NinjaTrader in December 2019. Over the course of its five-year investment, NinjaTrader grew EBITDA by over 10x. Long Ridge augmented the company’s leadership team and board with industry veterans, drove growth initiatives such as increased marketing investments and international expansion, and executed multiple transformative acquisitions. GroveStreet first became a Long Ridge LP in 2012. Read more about the deal here.
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Feb 12, 2025 | GroveStreet, In the News
Emerald Lake Capital Management exits Inno-Pak, a designer, manufacturer, importer and supplier of eco-friendly packaging for prepared and takeout foods. Inno-Pak was acquired by Handgards, a Wynnchurch Capital portfolio company.
Over the course of Emerald Lake’s 5-year investment, Inno-Pak strengthened its leadership team, built out its sales organization, more than doubled its patent portfolio, greenfielded its first scaled domestic production facility and opened an additional distribution center, and completed three strategic acquisitions to expand its product offerings, geographic presence, and manufacturing capacity. GroveStreet co-invested in Inno-Pak when Emerald Lake acquired the Company as an independent sponsor in February 2020. Read more about the deal here
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Jan 31, 2025 | GroveStreet, In the News, Uncategorized
Europe has never had a stronger and deeper bench of entrepreneurs, with an increasing number of these individuals becoming venture capitalists. European deal activity has surged by an impressive 5.2 times in the past 10 years, outpacing the US and leading to the emergence of numerous unicorns that, in turn, have become launchpads for their employees to become the next generation of founders and venture capitalists. However, institutional investors should exercise caution as they weigh not only the compelling attributes but also the risks associated with the founder-turned-GP archetype. Managing Partners Mario Miranda and Patrick Sherwood provide valuable insights into navigating this rapidly evolving landscape. Read more here.
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Jan 17, 2025 | GroveStreet, In the News, Uncategorized
As we commence the new year, we’re excited to share several important milestones at GroveStreet.
New Client Commitments
First, on the client front we’re pleased to report one of our long-standing investors contracted a 7th investment program with GroveStreet in the fourth quarter. We are deeply honored by the vote of confidence and trust intrinsic to another client extending their collaboration with our organization. Adding to the exciting momentum from our investors, this program brings total commitments to GroveStreet in 2024 to $670 million.
Patrick Sherwood and Mario Miranda Promoted to Managing Partner
Organizationally, we’re delighted to announce that Partners Patrick Sherwood and Mario Miranda have been promoted to Managing Partners. During their time at GroveStreet, they have each made impactful contributions to our investment process, serving our clients and running our business. As Managing Partners, they will help lead GroveStreet in the years ahead. Patrick and Mario add to the character of our culture where each Partner brings distinctive talents and perspectives which equip GroveStreet to continue to pursue exceptional investment results in highly engaged collaboration with our clients.
Compelling Investment Opportunities
On the investment front, we remain excited about the opportunities in venture, lower middle market buyouts and co-investments. Deal flow is abundant, although our bar remains very high as we focus on building concentrated portfolios. The macro landscape, as is often the case, roils with cross currents mixed with favorable and challenging trends. We don’t seek to prognosticate macro markets but instead maintain a time horizon commensurate with our target segments and seek the most compelling, enduring opportunities on a bottom-up basis. This approach has served our clients well for over a quarter of a century.
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Jan 9, 2025 | GroveStreet, In the News
Benford Capital Partners exits Pasture Brands, a Better-For-You food platform focused on perimeter-of-store refrigerated products with two brands: Farmers Hen House, a leading provider of branded and private label specialty eggs, and Pillars Yogurt, a branded provider of better-for-you drinkable and plant-based yogurt. Pasture Brands was acquired by Pete & Gerry’s Organics, a leading specialty egg company.
Benford acquired Farmers Hen House in December 2021 and Pillars Yogurt in April 2024. Over the course of its 3-year investment Benford bolstered the executive team, prioritized branded revenue growth, expanded the Company’s network of suppliers, and successfully acquired and integrated Pillar Yogurt, a highly complementary brand in the dairy case. GroveStreet first became a Benford LP in 2020. Read more about the deal here.
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