NewSpring Capital Backs Zentech Manufacturing

Zentech Manufacturing, an electronic contract manufacturer, has sealed an undisclosed amount of debt and equity financing from NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital. Zentech provides printed circuit board assembly, testing, and design services. Specific terms of the deal were not released.

PRESS RELEASE

May 3, 2012 – NewSpring Capital announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital, has provided a combination of mezzanine debt and equity financing to Zentech Manufacturing, an electronic contract manufacturer. The proceeds of the transaction are being used to provide capital for the future growth of the company.

 

“The Zentech management team welcomes our new partner in NewSpring Capital,” said Matt Turpin, CEO of Zentech. “We are very happy to have found a partner who will be able to grow with us and are looking forward to their financial and strategic advice as we strive for future growth.”

 

Zentech is an electronics contract manufacturing and engineering design services company offering printed circuit board assembly, testing, and design services. The company provides these services across four primary industries: aerospace & defense, medical, communications, and industrial & instrumentation. The company was founded in 1988 and is based in Baltimore, MD (www.zentech.com).

 

“We are thrilled to announce the addition of Zentech to the NewSpring Mezzanine Capital portfolio and look forward to working with the company’s proven management team. With Zentech’s unique ability to meet customer needs, they are positioned to continue to capture additional market share,” said Greg Barger, Partner of NewSpring Mezzanine.

NewSpring Capital is a provider of private equity capital focused in the Mid-Atlantic region. NewSpring Capital currently has $600 million of capital under management through a family of funds including: NewSpring Ventures which provides equity capital to growth and expansion stage companies with a focus on business services, enabling technologies, and information technology; NewSpring Health Capital which provides equity capital to healthcare companies within the life sciences, healthcare services, and medical device sectors; and NewSpring Mezzanine Capital which provides mezzanine capital for expansion stage and buy out opportunities in the business services, health care, information technology, and specialty manufacturing sectors. The firm has offices in Radnor, PA; Short Hills, NJ; and Washington, DC (www.newspringcapital.com).