New Canaan Funding Closes Investment in CTM Group

May 1st, 2023 | Posted by ncfadmin in Uncategorized

February 28, 2023 – New Canaan Funding Mezzanine VII SBIC, LP (“NCF VII SBIC”) provided financing to support the add-on acquisition of ScooterBug Best Lockers by CTM Group, Inc. (“CTM” or the “Company”) and Z Capital Group, LLC (“ZCG”). NCF provided debt and equity financing as part of this acquisition.

CTM, headquartered in Salem, New Hampshire, is a market-leading provider of small-ticket entertainment and souvenir solutions and revenue share guest services to the leisure and tourist end markets. CTM offers a wide range of services, including entertainment and souvenir solutions, as well as leading mobility and locker solutions across the country to a diversified blue-chip customer base.

New Canaan Funding (“NCF”), with offices in Naples, Florida, 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 seventh fund. The investment in CTM represents NCF VII SBIC’s eleventh investment in the fund. This financing represents the first investment with ZCG.

Z Capital Group is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions. For nearly 30 years, ZCG Principals have invested approximately $30 billion and have industry leading track records in private equity and credit. ZCG has approximately $6.5 billion of assets under management and its investors are some of the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks, and insurance companies.

Contact and additional information for Z Capital Group can be found at

Contact at New Canaan Funding:

Brad Ament 630-690-7768

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