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Sixpoint Partners closes continuation fund for CREO Capital Partners

Sixpoint Partners (Sixpoint), a global advisor serving the middle-market private equity industry, has held the closing of CREO Capital Partners V, a continuation fund for private equity sponsor CREO Capital Partners (CREO).

CREO targets investments in middle-market companies in the food sector across the branded products, private label, contract manufacturing, and logistics segments. The continuation fund enables CREO and several limited partners to extend their ownership of portfolio company Flagship Food Group (FFG), a conglomerate of leading food brands, including 505 Southwesterns, La Tortilla Factory and TJ Farms. FFG exhibited a strong trajectory beyond the traditional private equity hold period, and this recapitalisation enables CREO to continue to accelerate growth and drive shareholder value.

Sixpoint was engaged by CREO to advise on the secondary process and associated fundraise, providing liquidity to existing investors who desired it, while securing additional capital to support growth initiatives at FFG. BlackRock’s Secondaries and Liquidity Solutions group (BlackRock) led the transaction with a significant capital commitment to the continuation fund.

“It’s a distinct pleasure to work with managers like CREO that possess true sector expertise and a track record of success. I’m proud of the process our team ran and the successful outcome we achieved for CREO,” says Shawn Schestag, Partner and Head of Sixpoint’s Capital Solutions group.

“We’d like to thank and express our appreciation to both our new and existing investors. Together, we look forward to a bright future of continued growth for Flagship Food Group,” adds Rob Holland, Founding Partner of CREO.

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