West Coast firm Transom Capital raises $44 mln

Firm: Transom Capital Group

Fund: Transom Capital II

Target: $125 mln

Amount raised: $43.5 mln

Transom Capital lists a date of first sale of Nov. 21 and 11 investors for Transom Capital II, according to a Form D filing. The minimum investment for the fund is $100,000.

The Los Angeles-based firm, lanched in 2008, describes itself on its website as “a Southern California private equity firm focused on buyouts and turnarounds in small- and middle-market companies, especially within the consumer, industrial, and media industries.”

The firm is led by Managing Directors Ken FirtelRussell Roenick and Keith Spears. Previously, Firtel was a vice president at Platinum Equity, Roenick was a junior partner at McKinsey & Co, and Spears co-founded fund of funds Legacy Equity Advisors after serving as a vice president at Hamilton Lane, according to the firm’s website.

Transom Capital did not respond to an email seeking comment.

The most recent transaction listed on Transom Capital’s website is the April acquisition of Topspin Media, an e-commerce platform for the music industry. Transom added on Topspin Media to its entertainment licensing and merchandising businesses, BandMerch. Beats, the headphone maker backed by The Carlyle Group, bought proprietary technology from Topspin Media about a month before Topspin sold itself to Transom Capital.

Transom Capital also announced two exits in the past 19 months: the sale of science and nature-based toy maker Uncle Milton Industries to KCB Management in February 2014, and the sale of microphone and consumer electronics maker Baltic Latvian Universal Electronics to Riverside Co in July 2013. Terms of both deals weren’t disclosed.