NewSpring Capital announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital has completed a mezzanine investment in Aisthesis, an anesthesia practice and management company and a portfolio company of Triton Pacific Capital Partners.
Aisthesis provides anesthesia services to ambulatory surgery centers, office-based surgery facilities, and hospitals. The company was founded in 1999 and is based in Bethesda, MD (www. aisthesispartners.com).
“We look forward to working with the management teams at Aisthesis and Triton Pacific to help them continue to grow the business. We are excited about this investment as it is geographically located right in the middle of our target market and in a space that NewSpring has some deep institutional knowledge and experience,” 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).
Triton Pacific Capital Partners acquires controlling interests in profitable entrepreneurial companies. The firm seeks to partner with management of established, profitable companies that have compelling, differentiated business propositions. Triton Pacific currently maintains a controlling investment in 16 private equity companies with an enterprise value in excess of $170 million. The firm was founded in 2001 and is headquartered in Los Angeles, CA, (www.tritonpacific.com).