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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Dermatology Associates Expands to Kansas City Area

Dermatology Associates, a Candescent Partners company and a leader in dermatology care, announced that Dermatology & Skin Cancer Center (DSCC) has joined the company.

The combined organization and its 25 physicians will now provide dermatology services via 14 locations in Texas, Kansas and Missouri, handling nearly 150,000 patient visits this year.

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Outcome Capital Places Recapitalization and Growth Financing for Monster Media, Inc.

mmOutcome Capital, LLC announced today that it acted as placement agent on a private placement of subordinated debt and preferred equity in Monster Media, LLC,  the world’s leading interactive digital out-of-home (“DOOH”)  media company.  The capital was provided by Spring Capital Partners, L.P., and C3 Capital Partners, L.P.    Outcome Capital served as exclusive financial advisor to Monster Media.

“Monster Media is an industry leader delivering dynamic and impactful interactive media across a broad range of platforms,” said Bob Stewart, Managing Partner of Spring Capital. “The company’s experienced management team has a track record of strong financial performance and digital advertising innovation, making Monster Media an excellent fit for Spring Capital.”

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Airbus Completes Acquisition of Metron Aviation

“Metron Aviation has a proven track record of introducing new ATM capabilities that improve the efficiency and safety for the global aviation industry,” said Eric Stefanello, CEO of Airbus ProSky. “Airbus is delighted to welcome Metron Aviation into the Airbus family and is committed to fostering the continued innovation and successful partnerships with the FAA and other industry leaders that will help shape the future of air transportation worldwide.” Airbus ProSky is a subsidiary created to pursue Airbus’ strategy in ATM development and enhancement.

“Airbus shares our dedication to the success of NextGen and SESAR as well as a collaborative approach to working for our customers’ success,” said Dave Ellison, CEO of Metron Aviation. “As part of Airbus, we are positioned better than ever to help aviation industry leaders around the world harmonize air traffic to improve predictability, reduce delays and improve environmental sustainability.”

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Quantum Global Technologies (QuantumClean®) Completes Acquisition of Chamber Cleaning and Coating Services Group from Applied Materials

DUBLIN, Pa., June 10, 2011 /PRNewswire/ — Quantum Global Technologies, LLC (QuantumClean®), a leading provider of validated high-purity outsourced process tool parts cleaning and restoration to the semiconductor industry, today announced that it has completed the acquisition of the Metron Chamber Performance Services (Metron CPS) business from Applied Materials, Inc. (Nasdaq: AMAT). Applied Materials, headquartered in Santa Clara CA, is a world leader in semiconductor and solar wafer fabrication equipment. Metron CPS was part of the Applied Materials Global Services Group (AGS) and offers semiconductor process kit precision cleaning, coating and associated analytical testing services.

QuantumClean acquired Metron CPS in the continuing execution of its strategy to expand its high-value service offerings to all major hubs of semiconductor fabrication and related equipment and consumables manufacturing worldwide. This acquisition creates the world’s largest and most capable outsourced process tool parts cleaning, refurbishing and coating service provider to the semiconductor, solar, MBE, aerospace, military, and other industries requiring these services.

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