News

2012 News

December 19, 2012

NewSpring Capital Leads Mezzanine Investment in Custom Control Concepts, Inc.

NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital, has provided a combination of mezzanine debt and equity financing to Custom Control Concepts, Inc. ("CCC"). NewSpring Capital partnered with Patriot Capital on the Mezzanine portion of the investment. Sorenson Capital Partners led the equity investment as the sponsor of the transaction.

Founded in 1999 and based in Kent, WA, CCC is a leading designer and manufacturer of cabin management and in-flight entertainment systems for luxury, corporate, and VVIP aircraft. The Company's customers include 75% of the world's aviation completion centers which deliver narrow and wide body private jets to large corporations, heads of state, sports teams, and ultra high-net worth individuals.

Greg Barger, Partner of NewSpring Mezzanine, said, "Custom Control Concepts is a terrific addition to the NewSpring Mezzanine portfolio and we are excited about the Company's future growth opportunities. We are thrilled to work with the Company's management team, Patriot, and Sorenson to continue to deliver industry leading products and customer service and capture additional market share in the cabin management and in-flight entertainment space."