NewSpring Mezzanine Invests in AbelCine
March 23, 2023
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.
- Targets
- AbelCine
- Industry
- Media & Entertainment
- Location
- New York, United States
- Transaction Type
- Recapitalization
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