NewSpring Mezzanine and BPEA Invest in Curalta Foot & Ankle

NewSpring Mezzanine Provides Subordinated Debt and Equity to TruFit Athletic Clubs

November 3, 2023

Healthcare Services

NewSpring Mezzanine, the private credit strategy of NewSpring, has made a subordinated debt and equity investment in TruFit Athletic Clubs to support the gym chain’s ongoing expansion. TruFit operates 36 low-cost, membership-based clubs across Texas (about 224,000 members) and plans to open four new clubs in the greater Nashville area as it scales.

NewSpring Mezzanine, Spring Capital and Isleworth Invest in Boston Valley Terra Cotta

December 6, 2021

Building Products

NewSpring Mezzanine, alongside Spring Capital and Isleworth Capital Partners, made a growth investment in Boston Valley Terra Cotta to fund sales, marketing and capacity expansion. Boston Valley Terra Cotta, a U.S.-based manufacturer of architectural terra cotta and ceramic building products, will use the proceeds to scale production and commercial efforts to meet growing worldwide demand.

NewSpring Mezzanine Invests in AbelCine

March 23, 2023

Media & Entertainment

NewSpring Mezzanine, the mezzanine strategy of private equity firm NewSpring, has provided subordinated debt financing to AbelCine. The proceeds will be used primarily to purchase video equipment to expand AbelCine's rental division and to facilitate a recapitalization of inactive shareholders; AbelCine is a cinematic equipment supplier, rental house and production services provider with over 125 employees.

BPEA EQT-led Consortium (BPEA Private Equity Fund VIII) and ChrysCapital Acquire 90% of HDFC Credila

June 20, 2023

Financial Services

A BPEA EQT-led consortium (BPEA Private Equity Fund VIII), alongside co-investor ChrysCapital, agreed to acquire a 90% stake in HDFC Credila from Housing Development Finance Corporation Ltd. The consortium will infuse INR 20 billion of primary capital to support HDFC Credila’s growth, accelerate its digital transformation, and expand its footprint while HDFC will retain a 9.99% minority stake.

NewSpring Mezzanine and Larsen MacColl Partners Invest in Turning Point Restaurants

February 13, 2019

Restaurants & Hospitality

NewSpring Mezzanine (NewSpring) and Larsen MacColl Partners completed a growth investment in Turning Point Holding Company, LLC, the Eatontown, New Jersey–based breakfast, brunch and lunch chain. The capital will be used to fund new unit growth and geographic expansion while supporting existing locations; terms were not disclosed.

Adelphi Capital Partners (with NewSpring Mezzanine) Acquires Controlled Environment Structures

January 24, 2020

Building Products

Adelphi Capital Partners has acquired Controlled Environment Structures (CES) with mezzanine financing provided by NewSpring Mezzanine to support the transaction. CES, a Taunton, Massachusetts-based provider of cold storage and controlled-environment construction and panel/door manufacturing, will be led by incoming CEO Don Roussinos as the company pursues growth in cold storage, cleanroom and related markets.