NewSpring Capital to buy X5

NewSpring Capital said Wednesday it has agreed to buy X5 Solutions. Financial terms weren’t announced. Seattle-based X5 provides telecommunication software.

Message Systems pulls in $27 mln

Message Systems, an email infrastructure provider, has received $27 million in funding. The investors were Hercules Technology Growth Capital and return backers LLR Partners and NewSpring Capital.


NewSpring Capital invests in EnterpriseDB

NewSpring Capital has made an investment in EnterpriseDB. No financial terms were disclosed. In addition to the financing, Eric Jensen, a principal at NewSpring, has joined EnterpriseDB’s board of directors. Based in Bedford, Mass., EnterpriseDP is a provider of provider of Postgres software and services.

NewSpring and PPM America back Star2Star

Star2Star has secured $30 million in financing from NewSpring Capital and PPM America. According to the firm, the capital will be used for growth. Based in Sarasota, Florida, Star2Star is a provider of scalable cloud communications solutions.


NewSpring Capital invests in SpeedConnect

NewSpring Capital has led an $18 million funding round for SpeedConect, a Michigan-based wireless internet service provider. Newspring’s investment is in partnership with a Kemper Corp. subsidiary. According to SpeedConnect, the capital will be used to close its buy of Arizona-based wireless internet service provider CommSpeed. In addition to the funding, former JAB Wireless CEO Jim Vaughn has been appointed to SpeedConnect’s board of directors.


NewSpring Capital exits RedPath

NewSpring Capital has sold its stake in RedPath to PDI. No financial terms were disclosed. Based in Pittsburgh, RedPath is a molecular diagnostics lab.


Paragon Bioservices pulls in $13 mln Series A

Paragon Bioservices has closed $13 million in Series A financing. NewSpring Capital and Camden Partners led the round. Evergreen Advisors and 1st BridgeHouse Securities served as advisors to Paragon. Based in Baltimore, Paragon is a contract research and manufacturer focused on biopharmaceuticals and vaccines.

VC-backed TrialScope taps Aguinaldo as CFO

TrialScope has hired Richard Aguinaldo as chief financial officer. Previously, Aguinaldo worked at Activu Corp. where he served as CFO. Based in Jersey City, NJ, TrialScope is a provider of clinical trial solutions. It is backed by Edison Ventures, Dublin Capital Partners and NewSpring Capital.


NewSpring leads Series C round for ad tech firm Dstillery

Dstillery said Wednesday that it has secured $24 million in Series C funding. NewSpring Capital led the round with participation from previous backers U.S. Venture Partners, Menlo Ventures and Venrock. In conjunction with the funding, Mike DiPiano of NewSpring has been added to Dstillery’s board. Dstillery is a provider of audience targeting solutions for brands.


Dassault Systèmes agrees to buy PE-backed Quintiq

Dassault Systèmes has agreed to acquire Quintiq for approximately 250 million euros. Headquartered in The Netherlands, Quintiq is a supply chain planning and optimization software platform provider. It was backed by LLR Partners and Newspring Capital.


TrialScope pulls in more than $10 mln

TrialScope has received more than $10 million in funding. Edison Ventures led the round with participation from Dublin Capital Partners and NewSpring Capital. According to the firm, the capital will be used for growth and to fund its acquisition of Deloitte Analytics LLC assets. In addition to the funding and acquisition, James C. Walker, founder of Octagon Research, which is backed by Edison Ventures, and Michael Balmuth have been appointed to TrialScope’s board of directors. Based in Jersey City, NJ, TrialScope is a provider of clinical trial solutions.


NewSpring Capital hires JA3Partners founder Ashton

NewSpring Capital’s buyout strategy, NewSpring Holdings, has hired Jim Ashton as a general partner. Ashton previously worked as the managing partner of JA3Partners, an executive advisory firm he founded in 2011. Prior to starting his own firm, Ashton worked as a division chief executive officer for SunGard’s Financial Systems division.

NewSpring Raises $250M For Third Growth Equity Fund

NewSpring Capital said it closed its third growth equity fund, NewSpring Growth Capital III, with total commitments of $250 million. The fund exceeded its target of $200 million and is larger than the firm’s $136 million first fund, NewSpring Growth Capital, and $163 million second fund, NewSpring Growth Capital II. The firm has combined assets under management of over $950 million.

Salveo Completes Additional Financings and Acquisition

Specialty pharmacy company Salveo Specialty Pharmacy has completed a second round of equity and debt funding and the subsequent acquisition of Mission Road Pharmacy. Salveo Specialty Pharmacy is backed by Three Arch Partners, NewSpring Capital and Petra Capital Partners. The additional equity financing was led by new investor Sofinnova Ventures. The debt financing included additional subordinated debt provided by Petra, as well as a new senior credit facility provided by Regions Bank.

LLR Partners Invests in Message Systems

LLR Partners, a middle-market private equity firm in Philadelphia, today announced it has invested in Message Systems, a 15-year-old, Columbia, Md.- based company that makes email software for marketers and big brands. The transaction returns some money to NewSpring Capital, which invested $6 million in Message Systems in 2010, though neither the amount that LLR […]

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget