Penfund invests in Eigen Capital-owned Plews & Edelmann
Canadian private equity firm Penfund has closed an investment in Plews & Edelmann, a U.S. designer, maker and distributor of automotive and industrial replacement parts and accessories. No financial terms were released. Based in Dixon, Illinois, Plews is controlled by Eigen Capital, a U.S. private equity firm. Eigen acquired the company from Tomkins Ltd in April 2011. Toronto-based Penfund, a provider of junior capital to North American mid-market companies, is currently raising its fifth fund. PE Hub Canada reported Penfund Capital Fund V is expected to soon close above its $525 million target.
16 August 2016•2 mins read
