PE/VC  First New England Capital

http://www.fnec.com





     Office Locations:

100 Pearl Street
Hartford, CT 06103
Phone: 860-293-3333
Fax: 860-293-3338

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Stages:

  • Expansion
  • Middle Market


 

Industries:

  • Business Services
  • Defense & Homeland Security
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Transportation & Distribution

  •  

    Description:

    First New England Capital (FNEC) invests in mezzanine and equity securities of middle market companies, seeking to invest in a diverse portfolio of securities to achieve attractive risk-adjusted rates of return for its investors. It will act as lead investor or participate in syndicates with other investors depending on investment circumstances. Since its inception in 1988, FNEC has invested approximately $100 million in over 60 companies. Managing a pool of capital in excess of $120 million, the firm's investment team focuses on middle market businesses with a history of cash flow stability, consistent top-line growth and experienced management teams. FNEC also considers investments in dynamic, fast-growing companies with a demonstrated ability to execute on well-defined operating strategies. FNEC is currently investing its third fund, First New England Capital III, L.P., which has approximately $50 million in assets under management. The firm invests between $2 million and $5 million in businesses throughout the United States with annual revenues between $10 million and $150 million and minimum EBITDA of $2 million in a wide range of industries. FNEC prefers investments in the areas of aerospace and defense, business and consumer services, manufacturing, value-added distribution, technology and healthcare.


     

    Funds:


      Fund Name


      Amount


      Date

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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Adam H. Sauerteig Analyst
    Anthony Mandile Controller
    Hugh Kinsman CPA Advisory Director
    John L. Ritter Principal
    Kelli Schaller Executive Assistant

     

    Portfolio companies include:


      Awareness Technologies
        web link


      Cecilware
        web link


      Dayton Parts
        web link


      Direct Mail Holding
        web link


      Harvard Bioscience
        web link


      Jewell Instruments
        web link


      Ranger International Services Group
        web link


      Simoniz
        web link


      Stonewall Kitchens
        web link


      VaultLogix
        web link


     

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