Investment Criteria

New State Capital seeks to invest in great companies and great people.  We have a long-term perspective. We are comfortable with complexity and can develop the right solutions for each situation. We invest across the capital structure including:

  • Senior Debt
  • Junior Debt
  • Preferred Equity
  • Minority Equity
  • Control Buyout
  • Bespoke Solutions

Solutions for independent sponsors

Equity Criteria

Debt Criteria

Equity Criteria

Approach

  • Post-investment, we aim to build scale and create value through capital investment and add-on acquisitions.
  • We bring extensive operating resources
  • We lead equity investments and can also partner with independent sponsors.

Investing in North America out of the following locations:

  • Larchmont, NY (HQ)
  • Newport Beach, CA
  • Miami, FL
  • Seattle, WA
  • Boston, MA

Size:

  • EBITDA $8-40 million
  • Investment size $10-100 million
  • Transaction value $25-250 million

Equity structures include:

  • Control buyout
  • Minority equity
  • Preferred equity
  • Long-dated family office-type investments

Industries:

We invest in B2B and B2C companies, including services, manufacturing and consumer across the following end markets

 

  • Aerospace & Defense
  • Alternative Energy
  • Building Products
  • Business Services
  • Chemicals
  • Consumer brands
  • Contract manufacturing
  • Financial services
  • Food & Beverage
  • Healthcare (non-reimbursement)
  • Industrials
  • Infrastructure
  • Logistics
  • Packaging
  • Technology
  • Telecommunications
  • Transportation (including automotive)

Debt Criteria

Approach

  • We partner with entrepreneurs, families and independent sponsors in support of buyouts, acquisitions, growth capital, and recapitalizations
  • Cross-over solutions, including preferred and minority equity
  • Significant operational resources available for management teams
  • Credit advisory board

Headquartered in Newport Beach, CA and investing on a national basis

Size:

  • EBITDA $5-35 million
  • Investment size $5-75 million

Structures include:

  • Senior debt
    • Can partner with existing senior lender
    • Funded and delayed draw term loans
    • Unitranche execution
    • Tailored amortization schedules
    • Maturities up to five years
  • Subordinated debt
    • Second lien or mezzanine debt
    • Fixed rate and PIK interest options
    • No amortization
    • Maturities up to seven years
  • Equity:
    • Minority equity through co-invest
    • Preferred equity structures

Industries:

We invest in B2B and B2C companies, including services, manufacturing and consumer across the following end markets.

 

  • Aerospace & Defense
  • Alternative Energy
  • Building Products
  • Business Services
  • Chemicals
  • Consumer brands
  • Contract manufacturing
  • Financial services
  • Food & Beverage
  • Healthcare (non-reimbursement)
  • Industrials
  • Infrastructure
  • Logistics
  • Packaging
  • Technology
  • Telecommunications
  • Transportation (including automotive)
 
 
 
 
 
 

What Our Partners Have to Say

“As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner.  New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers.  We would be proud to work with them anytime”

Gregory Young

Managing Partner, Isleworth Capital Partners
“New State Capital Partners has brought a wealth of professional resources, capital and added value to our company.  It didn’t take long for us to realize, that New State was the right fit.”

Ron Wollner

CEO AND FORMER OWNER, CDS
“It was clear to me after our first meeting with NSCP that this is the company I wanted to partner with.
During the process, the entire New State team kept us informed and were transparent through the whole deal.  Simply put, there were no surprises.  Everything they said they would do…they did.
I’m excited moving forward with New State as a partner and look forward to what the future brings.”

 

Caeser Wright

CEO, Mako Steel
“The Team at New State Capital Partners was fantastic to work with. A true partner, they cared about short and long term objectives. They took the time to understand our complex business model and delivered experienced leadership to ensure the best possible outcome for Martinez Steel”

 

Harry Williams

CEO, Martinez Steel

One-page Summary of the Firm

Disclaimer
This material is provided for informational purposes only, and should not be construed as investment advice or an offer or solicitation to buy or sell securities. Any such offer may only be made pursuant to a fund’s private placement memorandum (PPM) and any related supplements, subscription documents and constituent documents in their final form. The views and opinions expressed on this website are for informational purposes only, and may be subject to change. All opinions and estimates, including any market forecasts or projections, involve a number of assumptions that may not prove to be valid. Past performance does not guarantee future results, which may vary. The value of investments will fluctuate, and loss of principal may occur. Any mention of an investment decision is intended only to illustrate our investment approach or strategy, and is not indicative of the performance of our strategy as a whole. Any such illustration is not necessarily representative of other investment decisions.