Spring Capital Partners makes Investment in Rita’s

Spring Capital Partners III, L.P. (www.springcap.com) invested $5.5 million of subordinated debt with a warrant in Rita’s Franchise Company (“Rita’s” or “the Company”), a portfolio company of Falconhead Capital, LLC. The proceeds were used to refinance existing debt and to fund Rita’s growth plans over the next 5 years. Spring Capital made its investment in conjunction with senior financing provided by SunTrust Bank, Inc.

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Spring Capital Partners makes Investment in Ingo

Spring Capital Partners III, L.P. committed $7.0 million of subordinated debt with warrants to Ingo Money, Inc. (“Ingo Money” or “the Company”). The Company will use the proceeds to fund the growth of the recently launched Good Funds Network, a mobile platform that enables customers to convert checks of all kinds into immediate, irreversible digital funds which can be dispensed or transferred virtually anywhere. Spring Capital made its investment in conjunction with follow-on equity from existing investors, including Camden Partners.

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Spring Capital Partners makes Investment in HomeCentris Healthcare

Spring Capital Partners III, L.P. made a $2.375 million subordinated debt and preferred equity investment in HomeCentris Healthcare, LLC (“HomeCentris”), an entity created to acquire Personal Home Care, Inc., Maryland Home Health, LLC, and Community Health Center, LLC. The proceeds were used to facilitate the acquisitions in conjunction with equity invested by Matt Auman and Tim Trybus, two seasoned healthcare executives who have assumed the roles of CEO and CFO, respectively. Interprise Partners sponsored the transaction while the Sellers rolled significant equity and remain involved in the businesses.

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