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Alternative Assets  + Private Equity  | 
Blue Sage Capital Exits Manufacturer Magnum Systems with Sale to 3 Rivers

Blue Sage Capital Exits Manufacturer Magnum Systems with Sale to 3 Rivers

Private equity firm Blue Sage Capital had its latest exit through the sale of Lenexa, KS-based packaging solutions designer and manufacturer Magnum Systems to private equity shop 3 Rivers. Blue Sage acquired Magnum in October 2016 for an undisclosed amount.

Investment firms Patriot Capital and SharpVue Capital participated in the transaction by providing debt and equity financing.

Blue Sage Partner Jonathan Pearce said, “We are proud of the hard work accomplished by our leadership team at Magnum over the past six years and couldn’t be more confident in the strategic direction of the business.”

Co-founded by Peter Huff, the Austin, TX-based Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $200 million of revenue.

The firm has raised over $600 million in assets under management across its three institutional investment funds.

Blue Sage was represented in the transaction by TM Capital as investment advisory and Queen Saenz + Schutz PLLC as legal counsel.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.