Wells Fargo sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon.
TCF Capital Funding provided secured financing to support the recapitalization of Innovative Office Products led by Cathay Capital Private Equity.
Norwest Equity Partners has invested in West Star Aviation, a provider of business aviation related support services. Antares Capital, Ally Corporate Finance and Norwest Mezzanine Partners provided financing.
Norwest Equity, the middle-market investment arm of Wells Fargo, announced it bought Apothecary Products to expand its consumer healthcare portfolio.