Transactions & News

The Bottom Line: NewSpring Invests in AbelCine

NewSpring, a family of private equity strategies, announced today that NewSpring Mezzanine, the Firm’s dedicated mezzanine strategy, has invested subordinated debt in AbelCine.

AbelCine is a leading equipment and service provider to cinematic content creators

AbelCine provides motion picture technologies and services to a variety of companies across the broadcast, production, and digital media industries. The company’s services are designed to support customers through every stage of the production cycle, including equipment sales and rental, training and consultation, tech services and integration, production services, and assurance programs.

AbelCine operates in a large and constantly evolving market

The cinematic content creation space continues to expand rapidly with more streaming services entering the market producing large amounts of original programming. Due to its diverse business model and wide range of services provided, Abel is well positioned to grow alongside the expansion of streaming services and emerging forms of content, including short-form series and live-streamed performances.

“Cinematic content creation is one of the most exciting and rapidly evolving industries in the world. As this business continues to expand, we’re focused on providing our customers across the broadcast, video production, and media landscapes with the best video equipment and services on the market. We’re thrilled to partner with NewSpring as we continue to expand our rental division and further improve the ways we support our customers.”
— AbelCine CEO, Pete Abel

The proceeds of this transaction will be used to bolster AbelCine’s expansion in key growth areas

A large portion of the proceeds from this investment will be used to purchase video equipment to strengthen AbelCine’s rental division, a key growth area that will support the company’s continued expansion. This rental division is designed to support the many new streaming services, live-streamers, and other content creators entering video production and in need of equipment. Additionally, the proceeds will be used to facilitate a recapitalization of inactive shareholders.

AbelCine has a deep and talented employee base led by a seasoned management team

AbelCine is supported by over 125 full-time employees who have an average tenure of more than 5 years, most of which have technical expertise in their respective divisions. Founders Pete Abel and Rich Abel are well connected in the industry and focused on continuing to grow the business.

“Pete and Rich have done a tremendous job growing AbelCine into a one-stop-shop for a wide range of video production companies and have continued to innovate the business to support a new generation of content creators. These newer entrants into the video production space have created a massive runway for AbelCine to continue to expand, and we’re excited to help the company build its rental division and support growth.”
— General Partner at NewSpring, Steve Hobman

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