RFC Capital Partners Fund 3, LLC ("RFC") is the most current fund (circa 2020) in the 36-year history of RFC
RFC provides both advisory (investment banking and corporate strategy) and makes capital investments in a wide
range of operating companies. RFC has provided advisory services to some of the largest corporate clients (e.g.,
McKesson Corporation), private equity firms (e.g., Bain Capital) as well earlier stage ventures (e.g., Splash
Beverages, Masters Pharmaceuticals).
RFC invests in companies ranging from “start-ups” (e.g., CartPilot, Impress3D Dental, Arfona Printing, Splash
Beverages, Stolen Beverages, STOR), to “roll-ups” (e.g., Konfidents Dental, Germany), “corporate carveouts”
(e.g., Bioniche, Unisource), “management buyouts” (e.g., Bolt-Tech) and leveraged buyouts (e.g., Coachman
Industries, Coe Manufacturing, Masters Pharmaceuticals) where there is "transitional" opportunity to increase
In addition to our own funds, we partner with private equity investors (e.g., Bain Capital, Altor, HIG,
RoundTable, etc.) to sponsor investments in companies of virtually any size and in a broad range of industries
and geographic locations.
RFC's invests in many geographies, including North America, Europe, Asia and the Pacific Rim.
Investment Strategy and Focus
Generally, RFC sponsors investments in companies with enterprise values ranging from $20 million to $500 million.
We seek strong management teams seeking a partner to help them develop strategic growth plans and to acquire the
financial and management resources to achieve their plans.
RFC has extensive experience in healthcare-related opportunities, wood products, light industrial, and consumer
We are most interested in "transitional" opportunities that involve:
Growth strategies involving product expansion, acquisitions, or consolidations of an industry.
Partner buy-outs or succession planning strategies.
Division or product line spin-offs from public or private companies.
As a result we seek companies where we can:
Pursue significant top-line growth.
Increase profitability through operational improvements.
Enhance managerial and board expertise.
Strengthen operational flexibility through creative capital structuring.
Experience: Current and Select Previous Transactions
RFC provides both capital investments as well as advisory services to a wide range of companies, including the
following representative transactions (not a complete list of transactions):
Industrial “Carve Out” (Current)- RFC is working with a public company and a management team to “carve out”
a $400 million division from a public company (deal is in process so no details can be disclosed).
Medical Equipment Manufacturer (Current)- RFC is leading an investment in a leading medical equipment
(deal is in process so no details can be disclosed).
Konfidents (Current)- RFC is a founding partner in Konfidents, the largest dental “roll-up” in Germany. RFC
a management team to craft an acquisition strategy, identify dental practices to acquire, draft the
memorandum, provide initial funding then to select a co-investment partner to provide the initial EUR 100
Impress3D (Current)- RFC is a founding partner is a digital dental lab providing both clear tooth aligners
(ZeeAlign) and 3D printed dentures (Arfona Printing). RFC provided the start-up capital for the venture and
is providing ongoing strategy consulting and business development.
Splash brands as SALT Tequila and Tap-Out Sports beverages.
STOR Distribution (Current)- RFC is a founding partner of STOR, a specialty distribution company launching
consumer products to “big box” retailers.
CartPilot (Current)- RFC provided all the investment capital to CartPilot, an Internet-based consumer brand
Stolen Holdings (Stolen Whiskey) (Current)- RFC is an early stage (A Round) investor in Stolen Holdings.
Select Previous Transactions:
Masters Pharmaceuticals- RFC represented the sale of Masters to McKesson Corporation. RFC provided business
advisory services and initiated the transaction with McKesson, RFC had also provided advisory services to
McKesson leading up to the transaction.
Bolt-Tech- RFC partnered with management to acquire Bolt-Tech. Two years later, and after achieving 400%
growth in earnings, RFC exited the investment to a private equity buyer resulting in a 9.0x return on equity
Bioniche- RFC led the acquisition of Bioniche Sterile Injectables division from its parent company for $39
million. RFC teamed with management and one of its private equity sponsors. Four years later, RFC exited the
investment to Mylan Corporation for $550 million.
Unisource- RFC led the carve-out of Unisource from Georgia Pacific Corporation for $970 million. RFC teamed
with Bain Capital to complete the transaction. RFC exited the investment through a public merger with
Frucor Beverages- RFC teamed with Pacific Equity Partners to acquire Frucor from The New Zealand Pear and
Apple Marketing Board (ENZA). In less than 12 months, Frucor listed publicly resulting in a 10x increase in
valuation. Less than one year later, Frucor was acquired by Danone resulting in a 20x return on capital
Mr. Teufel is predominantly focused on evaluating and structuring new investment opportunities, as well as
managing the firm’s capital partner relationships. His experience includes a wide variety of merchant banking,
merger & acquisition and corporate finance assignments in the manufacturing, food, distribution, service,
communications, retail and entertainment industry sectors.
Prior to joining Resource Financial Corporation in 1994, Mr. Teufel was in the private equity group at Heller
Equity Capital Corporation, making direct equity investments in under-performing companies. In this capacity he
was responsible for identifying investment opportunities, negotiating and structuring investments, performing
all phases of operational and financial due diligence and closing the investments.
Mr. Teufel received his Bachelor of Science in Accounting from the Indiana University and a Masters of Management
Degree from the J.L. Kellogg Graduate School of Management at Northwestern University. Mr. Teufel also obtained
a Certified Public Accountant certificate.