Investment Summary

NewSpring Capital Invests In ncgCARE

On December 13, 2016, private equity firm NewSpring Capital invested in healthcare services company ncgCARE

Investment Highlights
  • This is NewSpring Capital’s 9th transaction in the Healthcare Services sector.
  • This is NewSpring Capital’s 106th transaction in the United States.
  • This is NewSpring Capital’s 5th transaction in Virginia.

Investment Summary
Date 2016-12-13
Target ncgCARE
Sector Healthcare Services
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

ncgCARE

Richmond, Virginia, United States
website
ncgCARE is a provider of community-based and outpatient mental health services. Through its network of providers, the Company’s core service lines include: Children and Adult home and school-based services for children, Outpatient Psychiatric and Therapy services for mental health and substance use disorders, and Therapeutic Foster Care services. ncgCARE was founded in 1993 and is based in Richmond, Virginia.

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Investor(S) 1

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 107 of 184
Sector (Healthcare Services) 9 of 16
Type (Growth Capital) 48 of 97
State (Virginia) 5 of 7
Country (United States) 106 of 180
Year (2016) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Domaille Engineering

Rochester, Minnesota, United States

Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the rapidly growing fiber-optic cable market. The Company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Vertical Management Systems

Pasadena, California, United States

Vertical Management Systems, is a provider of data, financial networking, and account aggregation technology. For nearly 25 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States. VMS’s three core products include its retirement platform, Retirement Revolution, a leading supplier of next-generation retirement solutions; Mutual Fund Desk (MFD), a mutual fund process-and-control platform; and Specialized Information Services (SIS), a comprehensive source of customized and audited financial data. Vertical Management Systems was founded in 1992 and is based in Pasadena, California.

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