Trover Sale Generates 4.2X Return for Tailwind
The New Year seems bright for Tailwind Capital which recently completed the sale of Trover Solutions and acquired two other companies. In late December, Tailwind sold Trover to ABRY Partners. Tailwind, a New York PE firm, received $60 million at the close, according to a Jan. 7 letter to LPs obtained by peHUB. Tailwind expects to receive another $7 million in future escrow distributions, the letter said. Tailwind has also realized $45 million in dividends from Trover via debt recaps in 2005 and 2007.
7 January 2011•2 mins read
