NewSpring Capital Announces Two Successful Exits

RADNOR, PA – June 7, 2013 – NewSpring Capital is pleased to announce it has successfully exited The Matworks Company, LLC (“Matworks”) and LifeShield, Inc. (“LifeShield”). Matworks, a portfolio company of NewSpring Capital’s dedicated mezzanine fund, NewSpring Mezzanine Capital, was exited through the refinancing of NewSpring’s subordinated debt investment. LifeShield, a portfolio company of NewSpring Capital’s dedicated growth equity fund, NewSpring Growth Capital II, has been acquired by DirecTV (NASDAQ: DTV).

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Categories: Investment Management, Investments

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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