North Castle Closes Seventh Fund at $400 Million
April 23, 2019 – Morrison Cohen client North Castle Partners, a leading private equity firm focused on consumer-driven businesses that promote healthy, active and sustainable living, announced the final close of North Castle Partners VII, L.P. at its hard cap of $400 million. The fund was oversubscribed. North Castle Partners is a hands-on, value-added investor in high-growth, middle-market companies primarily in the beauty and personal care, consumer health, fitness, recreation and sports, home and leisure, and nutrition sectors. Morrison Cohen was fund counsel for North Castle Partners VII, L.P. and several prior generations of the North Castle funds, and also regularly represents North Castle funds and their portfolio companies in connection with investments, day to day operations, and exits.
The Morrison Cohen LLP team included Corporate partner Henry A. Zangara, senior counsel Michael D. Mattia and associate Timur N. Eron; ERISA partner Alan M. Levine; and Tax partner Isaac P. Grossman and associate Hunter J. Book.