Investment Summary

NewSpring Capital, The Invus Group and Rho Acceleration Invest In SnagAJob

On February 4, 2016, private equity firms NewSpring Capital, The Invus Group and Rho Acceleration invested in internet software and services company SnagAJob

Investment Highlights
  • This is NewSpring Capital’s 8th, The Invus Group’s 2nd and Rho Acceleration’s 1st transaction in the Internet Software and Services sector.
  • This is NewSpring Capital’s 93rd, The Invus Group’s 5th and Rho Acceleration’s 1st transaction in the United States.
  • This is NewSpring Capital’s 3rd, The Invus Group’s 1st and Rho Acceleration’s 1st transaction in Virginia.

Investment Summary

Date 2016-02-04
Target SnagAJob
Sector Internet Software and Services
Investor(s) NewSpring Capital
The Invus Group
Rho Acceleration
Deal Type Growth Capital

Target

SnagAJob

Glen Allen, Virginia, United States
website
SnagAJob is an online community of hourly workers and a provider of workforce management solutions that allow employers to more effectively hire and manage their hourly workforce. SnagAJob was established in 1999 and is based in Glen Allen, Virginia.

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Investor(S) 3

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 94 of 184
Sector (Internet Software and Services) 8 of 15
Type (Growth Capital) 40 of 97
State (Virginia) 3 of 7
Country (United States) 93 of 180
Year (2016) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-29 Innovid

New York, New York, United States

Innovid is a video platform, empowering advertisers to create, deliver and measure the most innovative video experiences on any device and media outlet, while increasing scale, efficacy and ROI. Innovid was founded in 2007 and is based in New York city.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 GoNetspeed

Bangor, Maine, United States

GoNetspeed is a full service telecommunications provider, offering a wide array of communication services. The company’s services include local and long distance telephone, digital high-speed data lines, transport services, network access, cable television and other related services. GoNetspeed was founded in 1998 and is based in Bangor, Maine.

Buy -
Investor

The Invus Group

New York, New York, United States

website


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Invus Group is a private, global investment firm that makes equity investments in private and public companies. For private companies, Invus seeks control as well as minority investments in high-growth companies where the firm can add strategic value. For public companies, Invus looks to invest in small to mid-cap stocks that are trading below the firm's assessment of their intrinsic business value. Areas of interest include consumer products and services, food, specialty retail, software, biotech, medical devices and products and services to professionals. Invus typically targets investments in the US, Europe, and Asia. The Invus Group was formed in 1985 and is based in New York City.


DEAL STATS #
Overall 6 of 9
Sector (Internet Software and Services) 2 of 2
Type (Growth Capital) 1 of 2
State (Virginia) 1 of 1
Country (United States) 5 of 8
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Bluemercury

Washington, DC, Washington, United States

Bluemercury is a retailer of high quality and innovative beauty and apothecary products through an integrated retail and direct service model.

Sell $210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Ashley Stewart

Secaucus, New Jersey, United States

Ashley Stewart is a global lifestyle brand for plus size women’s fashion. Ashley Stewart offers on-trend clothing and accessories through 89 retail stores across the country, a leading social media platform and a rapidly growing e-commerce platform. Ashley Stewart was founded in 1991 and is based in Secaucus, New Jersey.

Buy -
Investor

Rho Acceleration

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
Size Middle-Market
Type Sector Focused
DESCRIPTION

Rho Acceleration is a division of Rho Capital Partners, targets buyout and recap investments in mid-market technology companies. Rho target software, digital media, and tech-enabled service companies. Rho was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 2
Type (Growth Capital) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Skyword

Boston, Massachusetts, United States

Skyword is a content marketing software and services company whose customers have created and published more than one million original stories as articles, videos, images, infographics, podcasts, and animations on the Skyword Platform. Skyword was established in 2010 and is based in Boston, Massachusetts.

Buy -