William Spell

Last updated
William H. Spell
Bill Spell - Private Equity.jpg
Born
Minneapolis, MN, United States
Education University of Minnesota (BS and MBA)
Occupation(s) Investor and entrepreneur
Employer(s)Spell Capital Partners, Spell Family Office
Known forFounder and president of Spell Capital Partners
Spouse
Tiki Spell
​
(m. 1984)​
Children2

William (Bill) Spell is an American investor and entrepreneur. He is the founder and president of Spell Capital Partners and the Spell Family Office. Spell Capital is based in Minnesota and has a 35 year history of investing in private equity, specializing in industrial manufacturing transactions. [1] Since 2018, the firm has invested on behalf of the Spell Family Office which has assets under management (AUM) of $750 Million. [2]

Contents

Spell started his career as an investment banker, working for a Midwest-based regional investment bank. [3] During 1988 when he left to found Spell Capital Partners, he was Director of the corporate finance group. The majority of Spell's career has been spent in private equity buyouts, mergers and acquisitions. [4]

Together with his wife, Tiki, they are the founders of Spell Estate winery in Sonoma, California. [5] Spell has also been involved with numerous charitable and philanthropic activities, including the Spell Family Foundation. [6]

Early life and education

Bill was born in Minneapolis, Minnesota and grew up in Golden Valley, Minnesota. The Spell family (Speliopoulos) emigrated to the United States from the Peloponnese region of Greece at the turn of the twentieth century. [7] His father was a United States Naval officer during World War II and the Korean War. [8] He retired as CFO of a Fortune 500 utility/energy company. [9]

Bill attended Golden Valley High School and graduated in 1975. He obtained a Bachelor of Science degree (BS) from the University of Minnesota in 1979. While at the University of Minnesota, he was a member of the Sigma Alpha Epsilon fraternity. Bill earned a Master of Business Administration (MBA) from the Carlson School of Management at the University of Minnesota in 1982. [10] From 2006 to 2007, he served as an adjunct instructor at the Carlson School, teaching a course on leadership in business management. [11]

Career

Bill began his career in early 1981 as an investment banker at a large Midwest investment bank where he worked for seven years. During that time, he became a principal and when he left was head of the corporate finance department. During his tenure as an investment banker, the firm specialized in venture capital placements and initial and secondary public offerings. [12]

In early 1988, Bill founded Spell Capital Partners, a private equity firm that specializes in lower middle market industrial leveraged buyouts (LBO). The firm currently manages $750 Million of capital (AUM) and has 11 active platform investments. [4]

Spell Capital Partners considers investment opportunities globally and owns businesses in North America, Asia, [13] Australia/New Zealand, [14] and South America. [15] The firm has an expertise and preference for investing in the plastics industry, capital equipment companies, packaging businesses, and niche manufacturing companies.

The firm had a credit/mezzanine division from 2011 to 2022 and in July of 2022, sold the mezzanine group to 10 employees, who now manage the Spell legacy mezzanine funds I and II. [16]

During 2018, Spell Capital Partners transitioned from investing third party investor capital to investing as a family office, having converted to the Spell Family Office. [17]

From 1993 to 2006, the principals of Spell Capital Partners held a controlling interest in a publicly traded company, PW Eagle (Nasdaq: PWEI), which was the second largest plastic pipe manufacturer in the United States. [18] During that time, Bill Spell held positions as Board Chairman, CEO, and President. In 2006, the company had approximately $720 Million in sales revenue with over $100 Million of EBITDA cash flow. [19] During that year, Bill exited the investment.

Since inception, Spell Capital Partners has posted an annual IRR investment performance of 26.9% and a cash-on-cash multiple of 3.28 times.

Spell Capital Partners was named in the “Top 50 PE Firms in the Middle Market” in each of the years from 2018 through 2023. [20] In 2019, Inc. Magazine included Spell Capital Partners in its Top 50 Private Equity firms. [21] During 2020, the US Small Business Administration (SBA) named Spell Mezzanine the “SBIC firm of the year.” [22]

Since 1997, Bill has been a member of the Young President’s Organization (YPO), and subsequently (WPO) and (CEO).

Spell Estate Winery

During 2006, Tiki and Bill Spell founded the Spell Estate Winery, and in 2009 released their first vintage. [23] The winery is located just outside Santa Rosa, California in the Russian River Valley Appellation of Sonoma County. [24] They currently produce two single vineyard Pinot Noirs, a proprietary Pinot blend, a Chardonnay, and a Rosé. Production peaked during 2017 at 1,900 cases. The wine is distributed in various regions of the United States and England. [25]

Philanthropy

In 1997, Bill and his wife Tiki established the Spell Family Foundation. [26] The foundation supports mainly religious, medical, and children's philanthropies. [27] Bill has also served on the board of directors for a number of philanthropic organizations including the Minneapolis Heart Institute at Abbott Northwestern Hospital, the Minnesota Zoo, [28] the Center for the American Experiment, and the 1% Giving Club.

Personal life

The Spells have properties in Edina, Minnesota, Scottsdale, Arizona, and Sun Valley, Idaho. Bill and his wife, Tiki, have been married for 40 years [29] , and have two married adult children and two grandchildren.

Bill is a third generation Greek American [30] and is actively involved in various leadership positions in the Greek Orthodox Church. [7] He is a member of the Archdiocesan Council of the Greek Orthodox Archdiocese of America and has been a member of the Executive Committee. [31] Bill is a fulfilled member of Leadership 100, an Archon of the Ecumenical Patriarchate, [32] and a past Parish Council President of his Church in Minneapolis, Minnesota. Bill is on the Patriarch Bartholomew Foundation investment board, [33] and he was a recipient of the Medal of St. Paul. Bill is a board member of The Hellenic Initiative, Holy Cross Seminary/Hellenic College, and the St. Nicholas Church and Shrine in New York. He is also on the board of the Metropolis of Chicago Foundation. [34]

Related Research Articles

The Eastern Orthodox Church, officially the Orthodox Catholic Church and commonly known simply as the Orthodox Church is a communion composed of up to seventeen separate autocephalous (self-governing) hierarchical churches that profess Eastern Orthodoxy and recognise each other as canonical (regular) Eastern Orthodox Christian churches.

<span class="mw-page-title-main">Ecumenical Patriarch of Constantinople</span> First among equals of leaders in the Eastern Orthodox Church

The ecumenical patriarch of Constantinople is the archbishop of Constantinople and primus inter pares among the heads of the several autocephalous churches that comprise the Eastern Orthodox Church. The ecumenical patriarch is regarded as the representative and spiritual leader of the Eastern Orthodox Christians worldwide. The term ecumenical in the title is a historical reference to the Ecumene, a Greek designation for the civilised world, i.e. the Roman Empire, and it stems from Canon 28 of the Council of Chalcedon.

<span class="mw-page-title-main">Ecumenical Patriarch Bartholomew of Constantinople</span> Patriarch of Constantinople since 1991

Bartholomew is the current Ecumenical Patriarch of Constantinople since 2 November 1991. In accordance with his title, he is regarded as the primus inter pares in the Eastern Orthodox Church, and as a spiritual leader of the Eastern Orthodox Christians worldwide.

<span class="mw-page-title-main">Ecumenical Patriarchate of Constantinople</span> Autocephalous church of Eastern Orthodox Christianity

The Ecumenical Patriarchate of Constantinople is one of the fifteen to seventeen autocephalous churches that together compose the Eastern Orthodox Church. It is headed by the Ecumenical Patriarch of Constantinople.

<span class="mw-page-title-main">Greek Orthodox Patriarchate of Jerusalem</span> Eastern Orthodox church

The Greek Orthodox Patriarchate of Jerusalem, also known as the Greek Orthodox Church of Jerusalem, is an autocephalous church within the wider communion of Eastern Orthodox Christianity. Established in the mid-fifth century as one of the oldest patriarchates in Christendom, it is headquartered in the Church of the Holy Sepulchre in Jerusalem and led by the patriarch of Jerusalem, currently Theophilos III. The patriarchate's ecclesiastical jurisdiction includes roughly 200,000 to 500,000 Orthodox Christians across the Holy Land in Palestine, Jordan and Israel.

<span class="mw-page-title-main">Halki seminary</span> Closed school of Eastern Orthodox theology in Heybeliada, Turkey

The Halki seminary, formally the Theological School of Halki, was founded on 1 October 1844 on the island of Halki, the second-largest of the Princes' Islands in the Sea of Marmara. It was the main school of theology of the Eastern Orthodox Church's Ecumenical Patriarchate of Constantinople until the Turkish parliament enacted a law banning private higher education institutions in 1971. The theological school is located at the top of the island's Hill of Hope, on the site of the Byzantine-era Monastery of the Holy Trinity. The premises of the school continue to be maintained by the monastery and are used to host conferences. It is possible to visit the island where it is located via boat in approximately one hour from the shore of Istanbul. An international campaign to reopen this theological school is ongoing.

In Christian theology, the title of archon may be given to a layperson who serves in the Eastern Orthodox Church.

<span class="mw-page-title-main">Greek Orthodox Archdiocese of Australia</span>

The Greek Orthodox Archdiocese of Australia is the Australian archdiocese of the Greek Orthodox Church, part of the wider communion of Eastern Orthodox Christianity. The archdiocese is a jurisdiction of the Ecumenical Patriarchate of Constantinople. As of 2024, there were over 130 parishes and eight monasteries in the six dioceses of the archdiocese in Australia.

<span class="mw-page-title-main">St. George's Cathedral, Istanbul</span> Church in Istanbul, Turkey

The Patriarchal Cathedral Church of St. George is the principal Eastern Orthodox cathedral located in Istanbul, the largest city in Turkey and, as Constantinople, capital of the Byzantine Empire until 1453, and of the Ottoman Empire until 1922. Since about 1600, it has been the seat of the Ecumenical Patriarchate of Constantinople whose leader is regarded as the primus inter pares in the Eastern Orthodox Church, and is frequently looked upon as the spiritual leader of the 300 million Orthodox Christians worldwide.

<span class="mw-page-title-main">Eastern Orthodox Metropolis of Korea</span> Eastern Orthodox diocese

The Metropolis of Korea is an Eastern Orthodox diocese under the jurisdiction of the Ecumenical Patriarchate of Constantinople in Korea.

<span class="mw-page-title-main">Greek Orthodox Metropolis of Boston</span>

The Greek Orthodox Metropolis of Boston is an ecclesiastical territory or metropolis of the Greek Orthodox Church in the New England region of the United States. It is led by a metropolitan bishop and is part of the Archdiocese of America which itself is under the control of the Ecumenical Patriarchate of Constantinople.

The Exarchate of the Philippines is an exarchate or sub-diocesan entity of the Eastern Orthodox Metropolis of Hong Kong and Southeast Asia that is located in the Philippines. The metropolis is one of four metropolises in Asia that are under the jurisdiction of the Ecumenical Patriarchate of Constantinople. The exarchate has five parishes and three chapels in the country.

Eastern Orthodoxy in the Philippines, also known collectively as the Philippine Orthodox Church, refers to the Eastern Orthodox presence in the Philippines as a whole.

<span class="mw-page-title-main">Prinkipo Greek Orthodox Orphanage</span> Hotel, Orphanage in Adalar, Turkey

The Prinkipo Greek Orphanage is a historic 20,000-square-meter wooden building on Büyükada, one of the nine Princes' Islands off the coast of Istanbul, Turkey, in the Sea of Marmara. It is considered the largest wooden building in Europe and second largest in the world. It served as an orphanage from 1903 to 1964.

Spell Capital Partners is a private equity firm based in Edina, Minnesota. William "Bill" Spell founded the firm in 1988. The firm has been investing exclusively on behalf of the Spell Family Office since 2018.

John Stavris Koudounis is an American business executive who currently serves as president and chief executive officer for Calamos Investments. Previously he was the president and chief executive officer for Mizuho Securities USA Inc., a subsidiary of Japanese banking and holding company Mizuho Financial Group. He is a regular commentator for television and financial news programs including Fox Business, CNBC, CNN, Bloomberg, and others. At 44 years of age, Koudounis was the youngest CEO of any Wall Street firm when he was appointed in 2010.

<span class="mw-page-title-main">Pan-Orthodox Council</span> 2016 Eastern Orthodox synod

The Pan-Orthodox Council, officially referred to as the Holy and Great Council of the Orthodox Church, was a synod of set representative bishops of the universally recognised autocephalous local churches of the Eastern Orthodox Church held in Kolymvari, Crete. The Council sat from 19 to 26 June 2016.

This is a timeline of the presence of Eastern Orthodoxy in Greece from 2008. The history of Greece traditionally encompasses the study of the Greek people, the areas they ruled historically, as well as the territory now composing the modern state of Greece.

<span class="mw-page-title-main">Autocephaly of the Orthodox Church of Ukraine</span> Process of granting of autocephaly to the Eastern Orthodox church in Ukraine

On 5 January 2019, Bartholomew I, the Ecumenical Patriarch of Constantinople, signed the tomos that officially recognized and established the Orthodox Church of Ukraine and granted it autocephaly (self-governorship). The events immediately leading to the grant of autocephaly were:

On 15 October 2018, the Russian Orthodox Church broke the communion with the Ecumenical Patriarchate because of a dispute concerning the canonical jurisdiction over Ukraine. This led to the 2018 Moscow–Constantinople schism. Numerous Orthodox churches took position concerning the dispute over the canonical jurisdiction over Ukraine, whether before or after this schism.

References

  1. ↑ "'Opportunistic' Spell Capital sees deal flow surge in early 2007". www.bizjournals.com. May 13, 2007. Retrieved 2023-10-02.
  2. ↑ "Minnesota Investment Firm Named Small Business Investment Company of the Year". GlobeNewswire News Room (Press release). United States Small Business Administration. September 16, 2020. Retrieved 2023-10-02.
  3. ↑ "Spell Capital Partners Closes Leveraged-Buyout Fund At $25 Million". Bloomberg.com. 1998-01-21. Retrieved 2023-10-02.
  4. 1 2 "Executive Profile - William H. Spell". BusinessWeek. Archived from the original on October 8, 2013. Retrieved 7 October 2013.
  5. ↑ "Spell Estate | About Us | Visit Us | Tours". Spell Estate | Pinot Noir. Retrieved 2023-06-28.
  6. ↑ Roberts, Andrea Suozzo (2013-05-09). "Spell Family Foundation - Nonprofit Explorer". ProPublica. Retrieved 2023-10-02.
  7. 1 2 Sakellis, Elani (October 6, 2020). "Greek-American William Spell Talks to TNH about Spell Capital, SBIC of the Year". The National Herald.
  8. ↑ Dev (2020-03-04). "Falling Asleep of Archon Harry W. Spell". The Greek Orthodox Metropolis of Chicago. Retrieved 2023-06-28.
  9. ↑ "Obituary for Harry W. Spell". Star Tribune. Retrieved 2023-10-02.
  10. ↑ "Is This the future of Quality?" (PDF). Carlson School of Management. Retrieved 7 October 2013.
  11. ↑ "Mr. and Mrs. William and Tiki Spell - The Ecumenical Patriarch Bartholomew Foundation". The Ecumenical Patriarch Bartholomew Foundation. Retrieved 2023-10-02.
  12. ↑ "Bill Spell, Spell Capital Partners LLC: Profile and Biography". Bloomberg.com. Retrieved 2023-10-02.
  13. ↑ Rikkers, Jim (2021-09-15). "Spell Capital Partners Announces Acquisition of Duromer Products Australia and DuroColour Vietnam". Spell Capital. Retrieved 2023-10-02.
  14. ↑ Reall, Jeannie (September 9, 2021). "Spell Capital buys two materials firms". Plastics News.
  15. ↑ "Injequaly Opens Plastic Injection Molding Plant in Joinville to Serve Whirlpool | Viking Plastics". 2021-11-11. Retrieved 2023-10-02.
  16. ↑ "About Us". NorthCoast Mezzanine. 2023-09-13. Retrieved 2023-10-02.
  17. ↑ "Spell Capital Partners". GCI Publishing. 2019-12-29. Retrieved 2023-10-02.
  18. ↑ "PW Eagle, Inc. | Encyclopedia.com". www.encyclopedia.com. Retrieved 2023-10-02.
  19. ↑ "PW Eagle's Third Quarter Net Income Increases on Eight Percent Revenue Growth". www.sec.gov. Retrieved 2023-10-02.
  20. ↑ "Spell Capital Partners". GCI Publishing. 2019-12-29. Retrieved 2023-10-02.
  21. ↑ "Spell Capital". Inc.com. June 17, 2019.
  22. ↑ "Minnesota Investment Firm Named Small Business Investment Company of the Year". GlobeNewswire News Room (Press release). United States Small Business Administration. 2020-09-16. Retrieved 2023-10-02.
  23. ↑ admin (2014-05-16). "Winery Spotlight: Spell Estate". Wine Spectrum. Retrieved 2023-10-02.
  24. ↑ Living, Artful (2017-01-01). "North Notables: Bill Spell of Spell Estate". Artful Living Magazine. Retrieved 2023-10-02.
  25. ↑ "Spell Chardonnay". Wanderlust Wine. Retrieved 2023-10-02.
  26. ↑ Roberts, Andrea Suozzo (2013-05-09). "Spell Family Foundation - Nonprofit Explorer". ProPublica. Retrieved 2023-10-02.
  27. ↑ "Spell Family Foundation - William Spell | Minneapolis, MN | Cause IQ". www.causeiq.com. Retrieved 2023-10-02.
  28. ↑ "Minnesota Zoo 2000 - Building The Partnership" (PDF). Minnesota Zoo. 1990.
  29. ↑ "Bill Spell". Spell Capital. Retrieved 2024-10-23.
  30. ↑ "Minnesota House and Senate Leadership issue religious freedom resolutions for the Ecumenical Patriarchate - Archon News Article - Order of Saint Andrew the Apostle, Archons of the Ecumenical Patriarchate". www.archons.org. Retrieved 2023-06-28.
  31. ↑ "Archdiocesan Council - Greek Orthodox Archdiocese of America - Orthodox Church". Greek Orthodox Archdiocese of America. Retrieved 2023-10-02.
  32. ↑ "National Council – Archons of the Ecumenical Patriarchate" . Retrieved 2023-10-02.
  33. ↑ jmadmin (2023-06-17). "Ecumenical Patriarch Bartholomew Foundation Investment Update". The Ecumenical Patriarch Bartholomew Foundation. Retrieved 2023-10-02.
  34. ↑ "Metropolis of Chicago Foundation". The Greek Orthodox Metropolis of Chicago. Retrieved 2023-10-02.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.