Snagajob rakes in $100 mln

By Iris Dorbian — 1 day ago

Hourly work marketplace Snagajob has closed $100 million in funding. Rho Acceleration led the round with participation from NewSpring Capital and the Invus Group. In addition to the funding, Habib Kairouz of Rho Acceleration and Marc Lederman of NewSpring Capital have been added to Snagajob’s board of directors. Raymond James advised Snagajob on the transaction.

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X5 Solutions buys CornerStone Telephone Company

By Luisa Beltran — 2 months ago

X5 Solutions, which is backed by NewSpring Capital, has acquired CornerStone Telephone Company. Financial terms weren’t announced. Troy, New York-based CornerStone provides local and long distance phone service, high-speed Internet access, VoIP, cloud computing, data center services and business phone systems to customers throughout the northeastern United States.

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NewSpring provides $11 mln to SABG

By Iris Dorbian — 2 months ago

NewSpring Capital has invested $11 million in Sock and Accessory Brands Global Inc. Headquartered in Advance, North Carolina, SABG is a hosiery and accessories design, product development and distribution company.

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NewSpring Capital exits ATS

By Iris Dorbian — 4 months ago

NewSpring Capital has sold Aviation Technical Services to an unnamed buyer. No financial terms were disclosed. ATS is a transport aircraft maintenance, repair and overhaul provider in North America.

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Thoma Bravo buys iPipeline

By Iris Dorbian — 6 months ago

Thoma Bravo has acquired Exton, Pennsylvania-based iPipeline, a tech provider of cloud-based software solutions for the life insurance sector. The sellers were NewSpring Capital, Technology Crossover Ventures and Volition Capital. No financial terms were disclosed. Golub Capital and Ares Capital Corp provided funding for the deal. Credit Suisse was the lead financial advisor to iPipeline on the transaction while Bank of America Merrill Lynch and William Blair served as co-advisors.

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Pamplona to acquire Precyse

By Iris Dorbian — 7 months ago

Pamplona Capital Management has agreed to buy Precyse, a provider of health information management solutions. The sellers are NewSpring Capital and Altaris Capital Partners. No financial terms were disclosed.

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SBIA honors Monroe Capital and NewSpring Capital

By Iris Dorbian — 9 months ago

The Small Business Investor Alliance, an association for lower middle market private equity funds and investors, has named Monroe Capital Partners Fund LP and NewSpring Capital as a Small Business Investment Company of the Year for 2015. Chicago-based Monroe Capital was cited in the Big Fund category while Radnor, Pennsylvania-based NewSpring Capital was recognized in the Small Fund category. Both firms will be honored in a ceremony on May 8.

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NewSpring invests in USPack

By Iris Dorbian — 10 months ago

NewSpring Capital has made an undisclosed investment in USPack Logistics. Based in New York City, USPack is a logistics company that provides same-day and next-day delivery services.

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Nielsen buys VC-backed eXelate

By Iris Dorbian — 11 months ago

Nielsen has acquired eXelate, a data solutions provider that facilitates the buying and selling of advertising across programmatic platforms. No financial terms were disclosed. eXelate’s backers included NewSpring Capital, Carmel Ventures, Menlo Ventures and Trident Capital.

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Message Systems pulls in $27 mln

By Iris Dorbian — 12 months ago

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.

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NewSpring Capital invests in EnterpriseDB

By Iris Dorbian — 1 year ago

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.

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NewSpring and PPM America back Star2Star

By Iris Dorbian — 1 year ago

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.

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