News

January 1, 2007

Carter Balfour Promoted to Principal

Norwest Mezzanine Partners (NMP) is pleased to announce the promotion of Carter J. Balfour to principal. NMP is a standalone investment partnership that is affiliated with Norwest Equity Partners (NEP) and invests up to $40 million in middle-market buyout, recapitalization and growth transactions.

In his role as a principal, Balfour is responsible for originating investment opportunities, evaluating potential investments and execution of due diligence, structuring, negotiation and closing of investments.

Prior to joining NMP in July 2003, Balfour worked as a vice president in the Mezzanine Capital division of Wells Fargo Bank, where he was active in deal origination, structuring and portfolio management. Prior to that, he was in Wells Fargo’s Leveraged Finance division. His background has focused around middle-market leveraged buyout transactions, where he has participated in originating senior and subordinated debt transactions ranging from $2 million to $75 million.

Balfour holds a BBA degree from the University of Wisconsin at Madison, an MBA from DePaul University, Kellstadt Graduate School of Business, and he is a Chartered Financial Analyst (CFA) charterholder.

Norwest Equity Partners (NEP) is a leading middle market investment focused on partnering with business owners and building companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP manages nearly $5 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP seeks $30-$150 million equity investment opportunities for growing and profitable companies within the agriculture, applied technology, business services, consumer products and services, distribution, healthcare and industrial industry sectors. NEP is headquartered in Minneapolis, Minnesota; please visit nep.com for more information.