On January 24, 2019, Turning Point Holding Company, LLC ("Turning Point" or the "Company") received a growth investment from NewSpring Capital (“NewSpring”) and Larsen MacColl Partners ("Larsen MacColl").
Duff & Phelps served as the exclusive financial advisor to Turning Point in connection with the transaction.
About Turning Point
The Turning Point breakfast, brunch, and lunch started in 1998 in Little Silver, New Jersey. Turning Point prides themselves on offering a creative daytime menu made with the highest quality ingredients that are sourced locally when the season permits. They crack hundreds of Lancaster County, PA eggs a day because they know it’s the best thing for their customers. Every item on their menu is cooked to order and special requests are never a problem. Served in a dining room that is warm and inviting, guests feel comfortable and receive a never-rushed dining experience.
About NewSpring
Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.8 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 140 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.
About Larsen MacColl
Larsen MacColl Partners invests in established and profitable companies with annual sales between $5 and $50 million. They seek to partner with companies with proven business models, solid management teams, and significant growth opportunities.
Josh Benn
Global Head of Kroll's Investment Banking Practice
New York
