October 13, 2016 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Science First LLC (“Science First”) by Millpond Equity Partners and Wasena Capital Management. NCF provided debt and equity in Science First as part of this acquisition.
Science First, based in Yulee, Florida, is a leading distributor and manufacturer of science education equipment, environment sampling equipment, portable planetariums and various other products within the natural sciences industry with the goal of providing engaging and informative science products for all levels of education, elementary to college. Science First designs products that focus on teaching value, sturdy construction, and hands-on applications.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its sixth fund. The investment in Science First represents NCF’s fourth investment in the fund. This financing represents the first with both Millpond Equity Partners and Wasena Capital Management.
Millpond Equity Partners is a private equity firm exclusively investing in the education, training and outsourced services sectors. The Millpond leadership team has nearly 60 years of combined private equity and operating experience, deep industry expertise and a long track record of growing businesses and creating value alongside management teams.
Contact and additional information for Millpond Equity Partners can be found at https://millpondequity.com.
Wasena Capital Management is a private equity firm focused on the investment in strong, profitable businesses either seeking financial and strategic partner that can assist in achieving growth-oriented goals or majority owners looking to monetize their equity positions. Wasena’s industry focus includes industrial manufacturing, value add distribution, healthcare services and business service companies with a particular interest in packaging, flow control, aerospace, consumer products, franchising and niche tech-enabled IT healthcare service companies.
Contact and additional information for Wasena Capital Management can be found at https://www.wasenacapital.com.
Contact at New Canaan Funding: