Apex Changes PE Backers

Blue Point Capital Partners has sold Apex Companies to Tailwind Capital Partners. Debt financing for the transaction was provided by Madison Capital, NewStar Financial and Churchill Financial. Apex is a water resources and environmental services firm and was legally advised by Womble Carlyle Sandridge & Rice, while Davis Polk served as Tailwind's legal counsel. Apex was acquired by Blue Point in a 2006 LBO.