NewSpring Capital has led a USD15.65m equity financing in VidSys, a provider of physical security information management (PSIM) software.   NewSpring Capital, a family of private equity funds, invested through NewSpring Growth Capital, the firm’s dedicated technology and business services growth equity fund. Also participating were VidSys’ existing investors – Atlanta Equity, Flybridge Capital Partners, JVax Investment Group and Motorola Solutions Venture Capital.   VidSys provides a PSIM software platform used to run operations centres for public sector agencies and businesses globally. The platform continuously fuses and instantly correlates vast amounts of data gathered from any number or virtually any

Clearwater Corporate Finance’s debt advisory and real estate team has advised holiday caravan park operator Park Resorts on its recent debt and equity refinance of the company.   The deal team was led by partner and head of debt advisory Chris Smith with support from director Paddy Bamford.   Park Resorts operates 39 UK coastal holiday parks across England, Scotland and Wales, incorporating both a holiday sales business as well as a caravan sales business. With headquarters in Hemel Hempstead, it employs over 2,500 staff during the peak holiday season.   Clearwater led the refinancing negotiations for the company with

Wool and the Gang has secured funding of USD2.8m to build on its fast-growing reputation for sustainable fashion, which harnesses the power of the internet and the creativity of the maker movement.   The funding round was led by Index Ventures and Wellington Partners, together with MMC Ventures and a number of other tech investors. The funding enables Wool and the Gang to develop its Gang Collection and marketplace, as well as expanding its existing markets in the US, UK, Europe and Japan.   Wool and the Gang’s vision is to reboot old-style home manufacturing, slashing the time to market for fashion

ECP’s Fund III portfolio company, IHS Mauritius, has secured an additional USD1.035bn of equity and debt to fund new tower purchases and existing tower upgrades.   Following the equity capital raising process, which was led and managed by ECP, IHS has secured a total USD555m of new investment from an Asian sovereign wealth fund (marking its first African investment) as well as from existing investors including Wendel (the European investment firm) and other ECP co-investors.   The World Bank’s International Finance Corporation supplied USD280m financing to IHS’s Nigeria operations while a syndicate led by Ecobank supplied USD200m of debt for

Transom Capital Group has sold Baltic Latvian Universal Electronics (dba Blue Microphones) to The Riverside Company.     Blue Microphones represents the first exit from Transom Capital Fund I.   Founded in 1995, Blue is a rapidly growing developer and marketer of premium quality microphones for professionals and consumers.  The company is the leader in the fast-growing digital USB and iOS microphone market as a result of its technologically innovative, design-forward microphones and brand credibility earned by serving demanding professional recording artists and engineers.    "Blue is very special to us as it was the first investment, and now the

The fundamentals for strong merger and acquisition activity remain in place despite a slowdown in US M&A activity in the first half of 2013, according to PwC US.    Buyers remain extremely active in identifying, evaluating and competing to acquire assets in the market.    Dealmakers are placing a premium on deal certainty, speed and agility to ensure successful deal outcomes that deliver long term value, according to PwC’s US mid-year M&A outlook.   In the first half of 2013, there were a total of 4,587 total transactions, representing USD528bn in disclosed deal value, according to data compiled by Thomson

An affiliate of Atlanta-based private equity firm Roark Capital Group has acquired the 65 unit Miller’s Ale House, a growing casual dining restaurant chain with approximately USD300m in system-wide sales, from Jack Miller and SKM Equity Fund III.    This investment is Roark’s 26th multi-unit company, 13th restaurant brand, and second full-service restaurant concept.   Started in Jupiter, Florida in 1988 by husband and wife team Jack and Claire Miller, Miller’s Ale House offers an extensive menu of freshly prepared food at attractive prices, over 75 domestic and craft beers, and a large selection of high definition TVs.   As part