Investment Summary

New State Capital Partners Invests In NWN Carousel

On October 19, 2015, private equity firm New State Capital Partners invested in information technology company NWN Carousel

Investment Highlights
  • This is New State Capital Partners’ 1st transaction in the Information Technology sector.
  • This is New State Capital Partners’ 4th transaction in the United States.
  • This is New State Capital Partners’ 1st transaction in Rhode Island.
Investment Fate
  • NWN Carousel was sold to a consortium of financial buyers in 2024.

Investment Summary

Date 2015-10-19
Target NWN Carousel
Sector Information Technology
Investor(s) New State Capital Partners
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)

Target

NWN Carousel

Exeter, Rhode Island, United States
NWN Carousel is a provider of information systems services and solutions. These include unified communications services, data center and virtualization, network infrastructure, end user computing, applications and data services, IT staffing services, and managed services. NWN Carousel was founded in 1986 and is based in Exeter, Rhode Island.

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Investor(S) 1

Investor

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 4 of 19
Sector: Information Technology M&A 1 of 2
Type: Growth Capital M&A Deals 3 of 6
State: Rhode Island M&A 1 of 1
Country: United States M&A 4 of 18
Year: 2015 M&A 1 of 1
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