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Tailwind, Black Canyon sell Archway to Investcorp

10 Jul 2012

An investor group led by Tailwind Capital and Black Canyon Capital has sold marketing logistics company Archway to Investcorp in a $300m deal.

Although further details of the transaction were not disclosed, the sale price represents just under 10 times the EBITDA of the Minnesota-based company.

Investcorp managing director Chris McCollum said, “Over the past four years, despite economic headwinds, Archway has more than doubled in size, broadened its service offerings, and emerged a leader in the marketing logistics and fulfilment industry.

“We look forward to partnering with Archway to continue this strong growth and expansion of its leadership position in this growing industry.”

Mezzanine financing for the deal was provided by Audax Group and Oaktree Capital Management.

Tailwind Capital is currently investing from a $775m buyout fund closed in 2007, while Black Canyon has a $500m private equity fund from the same year.

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