Paine & Partners invests in QC Corporation

The New York-based global private equity firm has bought a stake in QC Corporation, the North American supplier of ferrous sulphate products.

New York-based private equity firm Paine & Partners has made a “strategic” investment in QC Corporation, the North American supplier of ferrous sulphate products, according to a press release.

No details were given about the size of the transaction.

The firm currently makes investments through its $1.2 billion fund, Paine & Partners Capital Fund III, LP.

“Paine & Partners is committed to providing QC with the necessary capital, expertise and resources to accelerate the granular micronutrient expansion strategy that is already in progress,” said QC Corporation chairman Don Gordon.

Angelos Dassios, a partner at Paine & Partners, said: “Our investment in QC provides a platform for the Company to enhance its already exceptional products and accelerate its growth trajectory”.

The Columbia-based consultancy firm SDA Ventures LLC advised both parties on the deal.

Through a predecessor fund, Paine & Partners made investments in Seminis, the largest developer and grower of vegetable seeds in the world, and Advanta Netherlands Holdings BV, the largest global independent agronomic seed company.

The firm has recently bought stakes in Sunrise Growers/Frozsun Foods, Eurodrip, Verdesian Life Sciences, Scanbio Marine Group and Costa Group.