NorthSands Capital, which was founded in late 2023 by former Blackstone (NYSE: BX) senior managing director Bruce McEvoy, has completed an investment in a continuation vehicle sponsored by Wellspring Capital investing in SupplyOne, a distributor of packaging supplies.
NorthSands was the lead investor in a single-asset continuation vehicle dedicated to SupplyOne. A majority equity interest in SupplyOne was sold in a multi-asset continuation vehicle that closed in March.
NorthSands was advised by Kirkland & Ellis LLP.