Investment Summary

NewSpring Capital Invests In Turning Point Restaurants

On February 14, 2019, private equity firm NewSpring Capital invested in restaurant Turning Point Restaurants

Investment Highlights
  • This is NewSpring Capital’s 1st transaction in the Restaurants sector.
  • This is NewSpring Capital’s 130th transaction in the United States.
  • This is NewSpring Capital’s 13th transaction in New Jersey.

Investment Summary
Date 2019-02-14
Target Turning Point Restaurants
Sector Restaurants
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Turning Point Restaurants

Oakhurst, New Jersey, United States
Turning Point Restaurants provides breakfast, brunch, and lunch. Turning Point currently operates 16 locations in the Mid-Atlantic. Turning Point Restaurants is based in Oakhurst, New Jersey.

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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 132 of 200
Sector (Restaurants) 1 of 2
Type (Growth Capital) 62 of 105
State (New Jersey) 13 of 16
Country (United States) 130 of 196
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Aisthesis

Bethesda, Maryland, United States

Aisthesis provides anesthesiology services to Ambulatory Surgery Centers (ASCs) in the greater Washington D.C. metro area. ASCs perform minor surgeries and medical procedures that would otherwise be performed in hospitals at greater cost and less convenience. Anesthesia's board-certified anesthesiologists perform their services with drugs that produce fewer side effects to patients resulting in shorter recovery times and increased facility utilization for the ASCs.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 SpeedConnect

Frankenmuth, Michigan, United States

SpeedConnect, Inc. is a privately-held Broadband Wireless Access (BWA) provider. Today, SpeedConnect is one of the nation’s largest rural wireless broadband Internet providers which serves over 20,000 residential and commercial wireless broadband Internet customers in Arizona, Idaho, Illinois, Iowa, Michigan, Montana, Nebraska, South Dakota, and Texas.

Sell $2M
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