Norwest Equity Partners (NEP) has promoted Andrew Cantwell to partner, the firm said in a statement earlier this week.
Cantwell joined NEP in April 2006 and was promoted to principal in 2008, NEP said. He contributed to the firm’s buy-side and sell-side investments, it said.
As a partner, he will be involved with all parts of the investment process, including sourcing and leading deals, performing due diligence, structuring transactions and arranging debt financing, NEP said. He also sits on the board of a few NEP portfolio companies, such as Edge Fitness, Minnesota Rubber & Plastics and Stanton Carpet Corporation, it said.
Prior to joining NEP, Cantwell was at Northwestern Mutual Capital’s private equity and mezzanine group between 2004 and 2006, according to his LinkedIn profile. At Northwestern, he was involved in direct private equity and mezzanine co-investments with a $3 billion portfolio, and fund of fund leveraged buyout and venture capital investments with a $2.4 billion portfolio, according to his LinkedIn.
In his career, he was also a vice president at ABN AMRO, where he led and closed several leveraged and project finance deals worth more than $7 billion in North America, Latin America and Asia. He was there for almost seven years, according to his LinkedIn.
NEP is a mid-market equity investment firm founded in 1961. It specialises in management buyouts, recapitalisations and growth financings in the agricultural, consumer, distribution, diversified industrials, energy, healthcare, technology and business services sectors, according to PEI Research & Analytics.
It seeks to invest between $50 and $500 million in companies with earnings before interest, tax, depreciation and amortisation of more than $10 million, according to NEP’s website.
In April 2015, it held a final close of Norwest Equity Partners X on its $1.6 billion target, according to PEI data, which indicates that Wells Fargo has been NEP’s main limited partner since inception.