Investment Summary

Mainspring Capital Partners, BlackRock Capital Investment and NewStar Financial Invest In AL Solutions

On March 28, 2007, growth capital firm Mainspring Capital Partners, business development company BlackRock Capital Investment and NewStar Financial invested in distribution company AL Solutions

Investment Highlights
  • This is Mainspring Capital Partners’ 1st, BlackRock Capital Investment’s 1st and NewStar Financial’s 1st transaction in the Distribution sector.
  • This is Mainspring Capital Partners’ 2nd, BlackRock Capital Investment’s 11th and NewStar Financial’s 4th transaction in the United States.
  • This is Mainspring Capital Partners’ 1st, BlackRock Capital Investment’s 1st and NewStar Financial’s 1st transaction in West Virginia.

Investment Summary

Date 2007-03-28
Target AL Solutions
Sector Distribution
Investor(s) Mainspring Capital Partners
BlackRock Capital Investment
NewStar Financial
Deal Type Growth Capital

Target

AL Solutions

New Cumberland, West Virginia, United States
website
AL Solutions is a distributor of titanium and zirconium additives.

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Investor(S) 3

Investor

Mainspring Capital Partners

Brookline, Massachusetts, United States

Investor Investor

website


Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Mainspring Capital Partners is a private investment firm focused on investing in US-based, growth companies. The Firm does not have any stated sector preferences. Mainspring Capital is based in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 6
Sector (Distribution) 1 of 1
Type (Growth Capital) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 2 of 6
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Cord Partners

West Hollywood, California, United States

Cord Partners is a leading provider of umbilical cord blood collection and storage services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-13 Accurate Home Care

Otsego, Minnesota, United States

Accurate Home Care is a provider of quality home health care services. Accurate Home Care's goal is to maintain and improve clients' level of independence while ensuring their utmost satisfaction. Accurate strives to consistently provide an unsurpassed level of care. Accurate Home Care was founded in 2002 and is based in Otsego, Minnesota.

Buy -
Investor

BlackRock Capital Investment

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Business Development Company
Founded 2005
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.


DEAL STATS #
Overall 12 of 33
Sector (Distribution) 1 of 2
Type (Growth Capital) 2 of 5
State (West Virginia) 1 of 1
Country (United States) 11 of 26
Year (2007) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-09 AMAROK

Columbia, South Carolina, United States

AMAROK is a full-perimeter security company that provides service throughout the United States. Specializing in electric fencing on commercial properties, AMAROK also provides supplemental surveillance solutions, including cameras, lights, and alarms. AMAROK was founded in 1973 and is based in Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-05 Dynatect

New Berlin, Wisconsin, United States

Dynatect is a manufacturer of engineered, mission-critical components for the protection of equipment and people. Dynatect was founded in 1945 and is based in New Berlin, Wisconsin.

Buy -
Investor

NewStar Financial

Boston, Massachusetts, United States

website


Category Company
Founded 2004
Sector Financial Services
Employees122
Revenue 220M USD (2015)
DESCRIPTION

NewStar Financial, Inc. is an internally-managed, commercial finance company with $7.3 billion of assets managed across two complementary business lines — middle market direct lending and asset management. The Company's direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle markets through specialized lending groups that offer a range of flexible debt financing options. Credit investments are originated directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit.


DEAL STATS #
Overall 4 of 8
Sector (Distribution) 1 of 1
Type (Growth Capital) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 4 of 8
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 CGI Windows and Doors

Miami, Florida, United States

CGI Windows and Doors is a producer of high quality, architectural-grade impact-resistant aluminum windows and doors. The Company?s products meet or exceed the most demanding testing standards and offer superior protection from high-velocity wind and airborne debris resulting from hurricanes and tropical storms. CGI services residential single and multifamily, commercial and government/institutional markets for new construction, remodeling and replacement applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 HCPro

Middleton, Massachusetts, United States

HCPro is a provider of integrated information, education and training in the vital areas of healthcare regulation and compliance. HCPro was founded in 1986 and is based in Middleton, Massachusetts.

Buy -