Gryphon Investors, a San Francisco-based private equity firm has invested in Techmer PM, a materials design company, as part of SK Capital Partners’ recapitalization of the firm.
Techmer is a designer and producer of engineered materials, and color and additive masterbatch services for the plastics and fiber industries. The transaction represents an initial phase of investment for SK Capital, which will remain a significant investor alongside Techmer founder John Manuck.
“We have leveraged SK’s resources to help strengthen Techmer and been fortunate to work with an ownership and management group that shares our core values,” says Mario Toukan, a managing director of SK Capital. “The success of Techmer serves as a prime example of the value proposition of SK’s lower middle market strategy and represents a milestone for the firm.”
Piper Sandler acted as financial advisor and Kirkland & Ellis LLP acted as legal counsel to SK Capital Partners and Techmer PM in this transaction. Guggenheim Securities served as financial advisor to Gryphon in this transaction.