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Firms / N••• C•••••• M••••••••• P•••• L•••

N••• C•••••• M••••••••• P•••• L•••

Buyout firm · probableunsizedRa'Ananan•••••••••.com

N••• Capital

Classification
Class
Buyout firmprobable, confidence 80%
Basis
own website statement
Size band
unsizeddefined by: no Private Equity Fund GAV on a filing from 2021 or later
Classification history (2)
  1. Sep 18, 2026
    Buyout firm (probable, 80%, cls-pe-2)
    own website statement
    N••• Capital is a private equity firm focused on small market buyouts, providing a unique solution to the hyper-competitive lower middle market.
    n•••••••••.com
  2. Sep 14, 2026
    Hybrid manager (probable, 65%, cls-pe-2)
    R4: Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
Regulatory footprint (Form ADV)
Adviser type
unknown
Form ADV filings
unknown
RAUM
unknownregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
unknown
PE fund GAV, latest filing
unknownreported gross assets (Form ADV), not fund size
All private fund GAV
unknownevery private fund type, latest filing
2024 PE fund GAV
unknownsum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
unknown
Employees
unknown
Stated criteria beside observed behaviour
9 observed deals
Stated by the firm
Sectors
manufacturing, transportation logistics, consumer, environmental services, infrastructure
Geography
Global
Revenue
not stated or not yet read
EBITDA
$2.0M to $10.0M
Enterprise value
not stated or not yet read
Equity check
$10.0M to $30.0M
Control
not stated or not yet read
Thesis
We focus on driving efficiency and profitability as well as executing add-on acquisitions to create increased value.
Observed from deals on record
roles
unknown 6, platform 6
period
to 2026-09-15, from 2020-01-01, undated holdings 1, dated observations 17
window
last 2026-09-15, first 2026-05-12
control
control 6, unknown 6
companies
9
geography
investments
12
seller kinds
transactions
6
cadence by year
2026 platforms 6
platform add on
add ons 0, platforms 6, add ons per platform 0
sector known for
4
disclosed value usd
n 0
sector distribution
count 3, share 0.333, value industrial manufacturing, examples StePac, CHIC, Ideale Packaging, count 1, share 0.111, value aerospace defense, examples Trans Innovation Group (“TIG”)
holding period years
n 0
repeat counterparties
role legal adviser, shared 6, entity id fbbee52d-63cc-4b48-90fb-9d643b244003, role lender, shared 6, entity id 3c0cfc2e-679f-453f-ae5c-425344c75b28, role buy side adviser, shared 4, entity id 03c7c431-40a2-42b0-b86d-10a4f803d55c, role buy side adviser, shared 2, entity id b28eba24-bd87-469d-a147-9695ce2d9bdc
subsector distribution
count 3, share 0.333, value miscellaneous manufacturing, examples StePac, CHIC, Ideale Packaging, count 1, share 0.111, value aerospace defense, examples Trans Innovation Group (“TIG”)

9 companies on the graph (6 transactions); most in industrial manufacturing (3); 6 platforms and 0 add-ons; observed 2020 to 2026

Funds
0 on record
No fund collected for this firm yet. Funds arrive from Form ADV Schedule D 7.B.(1) and Form D filings.
Team
8 current, 0 former
Portfolio
12 relationships, 6 platforms, 0 add-ons
CompanyRoleStatusInvestedHeldPartnerSource
A••• K•PlatformactiveSep 15, 2026
transaction announcement
0 monthsB•• A•••• (confirmed)Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
C••• C••••••• I•••••••••PlatformactiveJun 22, 2026
transaction announcement
3 monthsB•• A•••• (confirmed)Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
C••• C••••••• I•••••••••PlatformactiveJun 22, 2026
transaction announcement
3 monthsB•• A•••• (confirmed)Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
I••••• P••••••••PlatformactiveMay 12, 2026
transaction announcement
4 monthsR••• R•••••••• (confirmed)Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
A••• K•PlatformactiveJan 1, 2026
year stated on the firm's page
9 monthsB•• A•••• (confirmed)Fact Investment organization websites (team, portfolio, strategy, criteria, news)
C•••Role unknownactiveJan 1, 2026
year stated on the firm's page
9 monthsunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
I••••• P••••••••PlatformactiveJan 1, 2026
year stated on the firm's page
9 monthsR••• R•••••••• (confirmed)Fact Investment organization websites (team, portfolio, strategy, criteria, news)
t•••••••••Role unknownactiveJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
e••••••••Role unknownactiveJan 1, 2020
year stated on the firm's page
6.7 yearsunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
S•••••Role unknownactiveJan 1, 2020
year stated on the firm's page
6.7 yearsunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
T•••• I••••••••• G•••• ••••••Role unknownactiveJan 1, 2020
year stated on the firm's page
6.7 yearsunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
M••••••• H•••••••Role unknownexited
exited Feb 2, 2023
unknownunknownunknownFact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
Transactions
4 on record
DateTypeTargetThis firm’s roleSource
Sep 15, 2026Platform acquisitionA••• K•Sponsor (confirmed), Sponsor (confirmed)n•••••••••.com
Jun 22, 2026Platform acquisitionC••• C••••••• I•••••••••Sponsor (confirmed), Sponsor (confirmed)n•••••••••.com
May 12, 2026Platform acquisitionI••••• P••••••••Sponsor (confirmed), Sponsor (confirmed)n•••••••••.com
Feb 2, 2023Exit to a strategic buyerM••••••• H•••••••Seller (confirmed)n•••••••••.com
Placement agents, lenders, advisers and co-investors
4 relationships
Lenders (1)
  • B••• H••••••• 3 shared · strong · last Sep 15, 2026
Financial advisers (2)
  • D••••••• 2 shared · recurring · last Sep 15, 2026
  • K••••• L•• 1 shared · one time · last May 12, 2026
Legal advisers (1)
  • G••••••• G•••• S••••••• 3 shared · strong · last Sep 15, 2026
LP commitments
0 disclosed
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
15 most recent
  1. Sep 15, 2026
    N••• Capital Announces Acquisition of A••• K•
  2. Sep 15, 2026
    N••• Capital Announces Acquisition of A••• K• September 15, 2026
  3. Jul 7, 2026
    N••• C•••••• M••••••••• P•••• L••• reports 1 Private Equity Fund(s) on its current Form ADV (ERA - Active); not in the 2011-2024 extract
  4. Jun 22, 2026
    N••• Capital Announces Acquisition of C••• C••••••• I•••••••••
  5. Jun 22, 2026
    N••• Capital Announces Acquisition of C••• C••••••• I••••••••• June 22, 2026
  6. May 12, 2026
    N••• Capital Announces Acquisition of I••••• P••••••••
  7. May 12, 2026
    N••• Capital Announces Acquisition of I••••• P•••••••• May 12, 2026
  8. Mar 31, 2026
    N••• Capital Closes N••• Capital II and Promotes R••• R•••••••• to Principal March 31, 2026
  9. Jul 1, 2025
    N••• Capital Announces Promotion of Aleck Z•••••••• to Associate July 1, 2025
  10. Jul 1, 2024
    N••• Capital Announces Promotion of Eitan Kahane to Associate July 1, 2024
  11. Mar 12, 2024
    t••••••••• Group acquires Clarion to create the UK’s largest British Sign Language company March 12, 2024
  12. Feb 2, 2023
    N••• Capital Announces Sale of its Fresh Produce P•••••••• Platform – M••••••• H•••••••
  13. Feb 2, 2023
    N••• Capital Announces Sale of its Fresh Produce P•••••••• Platform – M••••••• H••••••• February 2, 2023
  14. Jan 9, 2023
    N••• Capital Announces Promotion of R••• R•••••••• to Vice President January 9, 2023
  15. Aug 24, 2021
    Susquehanna Private Capital Announces Investment in t••••••••• August 24, 2021