Investment Summary

NewSpring Capital Invests In Federal Donuts

On April 5, 2022, private equity firm NewSpring Capital invested in restaurant Federal Donuts

Investment Highlights
  • This is NewSpring Capital’s 2nd transaction in the Restaurants sector.
  • This is NewSpring Capital’s 170th transaction in the United States.
  • This is NewSpring Capital’s 43rd transaction in Pennsylvania.

Investment Summary

Date 2022-04-05
Target Federal Donuts
Sector Restaurants
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Federal Donuts

Philadelphia, Pennsylvania, United States
Federal Donuts is a culinary pioneer in the fast-casual space with Donuts, Fried Chicken, and Coffee. Federal Donuts was founded in 2011 and is based in Philadelphia, Pennsylvania.

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Investor(S) 1

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B 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 174 of 201
Sector (Restaurants) 2 of 2
Type (Growth Capital) 92 of 106
State (Pennsylvania) 43 of 45
Country (United States) 170 of 197
Year (2022) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 TenFour

Morristown, New Jersey, United States

TenFour operates the first IT network infrastructure utility, a model that is transforming the industry and positions IT organizations to drive their digital vision and prosper in today’s Digital Age. TenFour virtualizes all IT network infrastructures in the global enterprise beyond compute and storage—from routers, switches, and firewalls to phones, WiFi, cameras, and IoT devices. The Company is advancing new approaches to deliver and consume IT that drive business value, enhancing agility, reliability, performance, and security at lower cost. TenFour also provides transitional network monitoring, repair, and administration services to facilitate the evolution from traditional models to a virtualized infrastructure model. TenFour was founded in 1998 and is based in Morristown, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Mountain Temp Services

Aspen, Colorado, United States

Mountain Temp Services is a provider of temporary staffing specializing in light industrial services with 13 branches serving the Mountain West region. As a full-service, outsourced solutions provider, MTS creates lasting partnerships with its employees and clients through a model of customer service, efficiency, integrity, and quality personnel. Mountain Temp Services is based in Aspen, Colorado.

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