Pamlico Capital has led a majority recapitalisation of B2B information provider Winsight in partnership with the company’s existing management team.
CEO Mike Wood Jr, along with other management team members and existing investors, will maintain significant ownership in Winsight and will continue to manage the growth of the company with support from Pamlico.
The transaction, funded with both equity and debt, provides substantial growth capital to support the company. Specific terms of the transaction were not disclosed.
Headquartered in Chicago, Illinois, Winsight provides actionable information, market intelligence, professional events, and media to the global restaurant, non-commercial foodservice, and convenience retail industries. The company offers a multi-channel portfolio of brands across research, data and analytics, events, magazines, web sites, e-newsletters, and content marketing solutions. With nearly 800 customers, Winsight’s solutions enable customers to drive engagement with target audiences, refine business development strategies, and network within the industry.
Wood says: “Our team is proud of the success we have achieved to date and we believe Winsight is well positioned for future growth by continuing to provide innovative solutions for our customers. The Pamlico team brings expertise and ongoing capital for additional investment and acquisitions, and we are excited about what this will mean for Winsight’s employees and customers. We see the opportunity to continue growing Winsight and increase our presence and offerings to our restaurant, foodservice, and convenience markets, and are pleased to have a financial partner to execute our strategy.”
Pamlico partner Scott Stevens adds: “We are thrilled to partner with management and support exciting future growth opportunities. The management team’s passion for their business, track record of new product development initiatives, and ability to expand through acquisitions stood out to us. The Winsight management team is poised to grow across multiple fronts, and the business represents a leading platform in the B2B information market.”
Winsight was advised by East Wind Advisors (exclusive financial adviser) and Latham & Watkins LLP (legal adviser). Pamlico was advised by Alston & Bird LLP (legal adviser).
