NewSpring announces three mezz exits

At its current investment pace, the firm expects to return to market in late 2014 or early 2015.

NewSpring Capital announced three exits from its mezzanine vehicle on Wednesday. Terms of the transactions were not disclosed.

The exits – the result of refinancings of NewSpring’s subordinated debt investments in the companies – created a “terrific outcome for investors,” said NewSpring general partner Steve Hobman in a statement.

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