True Growth Capital never takes a holiday

Not that I want to pry you away from the train wreck that may become our comment page, but over the past 24 hours we’ve closed another two financings. All during the Christmas break week. True Growth Capital never takes a holiday!

The details of the two specific deals (more than $14 million of new capital funded) will come out once the New Year celebrations have subsided. No one hears a tree falling at this time of the year, after all. Here’s the snaphot in the meantime: One was for a Venture Capital-backed wireless semiconductor firm in Boston. The other financing went to a Toronto-based private equity-backed niche aviation company.

To make all of this come to pass, lawyers in five different countries had to pull many late nights, with more than a few working right through Christmas I fear. And then there are my colleagues, most of whom had to interrupt some part (or a major part in Kul and Craig’s case) of their holiday break so that these two new portfolio companies could draw the funds prior to the end of the calendar year. Even to get a wire to the U.S. requires input from six of us (there’s a Six Sigma opportunity in there somewhere).

If you’ve got a great company and are in need of capital, fear not. Wellington Financial never really closes.

MRM