Spell Capital Partners
| Company type | Private Equity Firm |
|---|---|
| Industry | Financial Services and Asset Management |
| Founded | 1988 |
| Founder | William Spell |
| Headquarters | |
| Total assets | $700 million AUM |
| Website | spellcapital.com |
Spell Capital Partners LLC is a private equity firm based in Edina, Minnesota. The firm was founded in 1988 by William "Bill" Spell to manage private equity and mezzanine capital. The firm currently manages $700 million in capital. The firm has closed 41 leveraged buyout (LBO) transactions since 1988.
The firm historically has managed both private equity and mezzanine capital. The private equity group focuses on acquiring majority control interests in industrial manufacturing companies, while Spell Capital Mezzanine provides subordinated debt and non-control equity ownership to businesses in a variety of industries. In the summer of 2022, the mezzanine group was sold to the partners and employees who managed that group as part of Mr. Spell's succession planning strategy.
The firm manages seven portfolio companies owned by the Spell Family Office and three on behalf of Spell Capital Partners Fund V (a 2016 vintage fund).