Northstar Capital invests in Drake Waterfowl Systems
Northstar Capital (Northstar), a provider of junior capital for middle market private equity transactions, has invested in Drake Waterfowl Systems (Drake), a portfolio company of Weinberg Capital Group (WCG).
Drake is a provider of branded apparel and accessories for hunters and outdoor enthusiasts. Founded in 2002, Drake was one of the first providers of a complete waterfowl hunting solution and has since become one of the most prominent waterfowl brands in the industry. Additionally, Drake offers products for deer hunting (non-typical), turkey hunting (‘Ol Tom), fishing (DPF), and casual wear.
Northstar provided debt and an equity co-investment to help WCG finance the transaction. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. Drake is the sixteenth platform investment in Fund VII, a USD500 million committed parallel fund strategy consisting of Northstar Mezzanine Partners VII and Northstar Mezzanine Partners SBIC.