NewSpring Capital Leads Mezzanine and Equity Investment in Zentech Manufacturing, Inc
May 03, 2012
RADNOR, PA - May 3, 2012 - NewSpring Capital, a family of private equity funds providing growth and expansion capital to the Mid-Atlantic region, 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, Inc. ("Zentech" or the "Company"). The proceeds of the transaction are being used to provide capital for the future growth of the Company.
Founded in 1998, Zentech is an electronics contract manufacturing and engineering design services company offering Printed Circuit Board (PCB) Assembly, PCB Testing, and PCB Design Services. The Company provides these services across four primary industries: Aerospace & Defense, Medical, Communications, and Industrial & Instrumentation.
"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."
Greg Barger, Partner of NewSpring Mezzanine, added, "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."