Behrman Capital has closed Behrman Capital CV II LP, an approximately $250 million single-asset continuation vehicle in connection with the sale of Shurco, a provider of cargo covering and control systems, by Behrman Capital VI LP and other investors.
The continuation vehicle is managed by Behrman Capital and is backed by new and existing limited partners, led by Coller Capital, with additional commitments from Northleaf Capital Partners and Siguler Guff. Headquartered in South Dakota, Shurco is a manufacturer of cargo covering, protection, and securement systems and related accessories for the transportation industry. The company is led by CEO Chad Heminover.
Robert W. Baird & Co. served as financial advisor to Behrman Capital, with Ropes & Gray LLP acting as legal counsel. Latham & Watkins LLP advised Shurco, while Kirkland & Ellis LLP served as legal counsel to Coller Capital.