Akin Gump Advises Crossplane Capital in Closing of Inaugural Fund at $275 Million Hard Cap
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(Dallas) – Crossplane Capital, a Dallas-based private equity firm that targets control investments in niche manufacturing, value-added distribution and industrial business services companies, today announced the final closing of its inaugural fund, Crossplane Capital Fund, L.P., at its $275 million hard cap. A team from Akin Gump acted as fund counsel for Crossplane.
Crossplane was founded in 2018 to invest control equity into companies with up to $15 million of EBITDA that are either family owned and seeking a partner or involved in a complex situation. Since its founding, it has completed three platform acquisitions.
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The Akin Gump team was led by investment management partner James Deeken. He was joined by corporate partner Andy Lehman, tax counsel Stuart Alter and investment management associate Graham McCall.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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