Investment Summary

Exits Yorktel

On October 9, 2013, invested in communications company Yorktel from NewSpring Capital

Investment Highlights
  • This is transaction in the Communications sector.
  • This is transaction in the United States.
  • This is transaction in New Jersey.

Investment Summary

Date 2013-10-09
Target Yorktel
Sector Communications
Sellers(s) NewSpring Capital
Deal Type Recapitalization

Target

Yorktel

Eatontown, New Jersey, United States
website
York Telecom Corp. is a provider of visual communication services and solutions for educational institutions, the federal government, state and local governments, healthcare facilities, and Fortune 1000 companies.

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Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 19 of 77
Sector (Communications) 2 of 4
Type (Recapitalization) 1 of 1
State (New Jersey) 2 of 8
Country (United States) 19 of 76
Year (2013) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 Utilipath

Mooresville, North Carolina, United States

Utilipath is a nationally recognized provider of construction services in telecommunications infrastructure services. Utilipath was founded in 2003 and is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-14 Climax Manufacturing Company

Lowville, New York, United States

Climax Manufacturing Company is patented and manufactured chicken incubators and brooders. About 10 years later, the packaging division began to make fiberboard cheese drums to support local cheese production; it then branched out into meat packers and other folding-carton applications. Today the Company is a leading producer of retail gift boxes and supermarket deli and bakery packaging. In the mid 1930's, Climax acquired Carthage Papermakers, a manufacturer of recycled, uncoated paperboard. While much of the Paperboard Division's recycled paperboard is still consumed by the Packaging Division, it has also become the leading producer of matboard used in picture framing supplied to the graphics arts industry. Climax Manufacturing Company was formed in 1902 and is based in Lowville, New York.

Sell -