The Riverside Company Sells Minority Interest to Wealthy Mandel Family

Cleveland-based Parkwood LLC purchased a non-voting minority ownership stake in The Riverside Company, a Cleveland-based private equity buyout firm. The acquired ownership stake was just under 10%. Parkwood LLC is also an investor in a number of Riverside funds. The Riverside Company typically makes control and non-control investments in growing businesses valued at up to US$ 400 million. In addition, the private equity firm is engaged in backing many industrial companies in the Rust Belt region, aligning the interests of Parkwood’s co-founders. For example, The Riverside Company invested in Kent, Ohio-based Area Wide Protective in June 2015

In the Parkwood transaction, The Riverside Company was advised by Jones Day and Keefe, Bruyette & Woods.

Parkwood LLC is chaired and led by Morton Leon Mandel, a co-founder of Premier Industrial Corporation. Essentially, Parkwood LLC is the Mandel Brothers’ private investment company.



Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute


 
institutional investor investment mandates