BOSTON, March 8, 2011 -- NewStar Financial, Inc. (Nasdaq: NEWS), a specialized commercial finance company, announced today that it has provided financing in support of Linsalata Capital Partner's acquisition of NeuroTherm, Inc., a leading developer, manufacturer, and supplier of interventional pain management medical products.
Linsalata Capital Partners is a middle-market private equity investment firm with more than two decades of investing experience, nearly $1 billion of equity capital under management and top quartile investment performance across its six funds. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P., with $425 million in committed equity capital.
"We take great pride in developing deep relationships with our private equity partners," said David Dobies, Head of Leveraged Finance at NewStar. "The NeuroTherm deal marks our third portfolio investment with the Linsalata Capital Partners team in the last several years."
"The NewStar team has been a good partner to us and has consistently supported our portfolio companies," said Tim Healy, Vice President and Partner at Linsalata Capital Partners. "We enjoy working with David and the NewStar team and chose them as a club partner because of their experience in the healthcare industry, flexibility in working as a partner and confidence in their ability to close the transaction on our schedule." added Jay Studdard, Principal and Partner of Linsalata Capital Partners.
NewStar served as Syndication Agent for the Senior Credit Facilities. The deal team for the transaction included David Dobies, Walter Marullo, Scott Trefry and Annie Fisher.
About NewStar Financial, Inc.:
NewStar Financial (Nasdaq:NEWS) is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets. The Company specializes in providing a range of senior secured debt financing options to mid-sized companies to fund working capital, growth strategies, acquisitions and recapitalizations, as well as, equipment purchases. NewStar originates loans and leases directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. The Company targets hold positions of up to $30 million and will selectively underwrite or arrange larger transactions for syndication to other lenders. NewStar offers asset-based loans through its wholly-owned subsidiary, CORE Business Credit. NewStar is headquartered in Boston MA and has regional offices in Darien CT, Chicago IL, Dallas TX, Los Angeles CA, Atlanta GA, and Houston TX. For more detailed information about our product capabilities, as well as, recent transaction and contact information, please visit our website at www.newstarfin.com.