Law firm Winston & Strawn represented Apogem Capital as lead investor in connection with Encore Consumer Capital’s single-asset continuation vehicle for Lion Beverages, a full-service contract manufacturer of specialty beverages. The transaction builds on Apogem’s growing track record of anchoring GP-led secondary transactions for high-conviction middle market companies. The continuation vehicle closed with over $150 million in commitments, providing liquidity to Encore Fund III limited partners while supporting Lion’s continued expansion, including the addition of a third high-speed canning line expected to come online in H1/26.
The Winston & Strawn team advising Apogem Capital was led by special counsel Alex Roggio, along with partners Brad Mandel and Katherine Erbeznik, and associates Marianna Wonder, Gabriella Argueta-Cevallos, Sandy Hao and Meera Aiyagari.
