Investment Summary

Main Line Equity Partners and NewSpring Capital Invest In Clutch

On April 1, 2013, private equity firms Main Line Equity Partners and NewSpring Capital invested in internet software and services company Clutch

Investment Highlights
  • This is Main Line Equity Partners’ 2nd and NewSpring Capital’s 5th transaction in the Internet Software and Services sector.
  • This is Main Line Equity Partners’ 4th and NewSpring Capital’s 71st transaction in the United States.
  • This is Main Line Equity Partners’ 2nd and NewSpring Capital’s 27th transaction in Pennsylvania.

Investment Summary

Date 2013-04-01
Target Clutch
Sector Internet Software and Services
Investor(s) Main Line Equity Partners
NewSpring Capital
Deal Type Growth Capital

Target

Clutch

Ambler, Pennsylvania, United States
website
Clutch is a mobile commerce platform and app that unites shopping, loyalty, and gifting. Clutch delivers relevant offers to consumers and targeted customers to merchants. Clutch was founded in 2012 and is based in Ambler, Pennsylvania.

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Investor(S) 2

DESCRIPTION

Main Line Equity Partners is a private investment firm that looks to provide equity and mezzanine capital to support the growing needs of small companies with Min $25 million in revenue. Main Line prefers profitable companies located in the Eastern US and looks to invest $500K to $3 million per transaction. Sectors of interest include software, engineering, healthcare, life science, manufacturing, and real estate. The Firm will consider both minority and control positions. Main Line Equity Partners was formed in 2005 and is headquartered in Ardmore, Pennsylvania.


DEAL STATS #
Overall 4 of 14
Sector (Internet Software and Services) 2 of 5
Type (Growth Capital) 1 of 8
State (Pennsylvania) 2 of 8
Country (United States) 4 of 14
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 HemoShear Therapeutics

Charlottesville, Virginia, United States

HemoShear Therapeutics is a provider of human surrogate testing device that replicates the anatomical structure of the human blood vessel wall and blood flow patterns, providing superior pre-clinical drug response data than is currently available through traditional cell culture and animal testing processes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-15 Matrix Solutions

Pittsburgh, Pennsylvania, United States

Matrix Solutions is a provider of web-based media-specific platform that enables intelligent business decisions for managing your sales teams, their opportunities and accounts across TV, Radio, and electronic advertising businesses. Matrix Solutions was founded in 1992 and is based in Pittsburgh, Pennsylvania.

Buy -
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 72 of 186
Sector (Internet Software and Services) 5 of 15
Type (Growth Capital) 25 of 98
State (Pennsylvania) 27 of 42
Country (United States) 71 of 182
Year (2013) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 MinSec Holdings

Wallingford, Pennsylvania, United States

MinSec provide the full continuum of care with treatment for substance abuse that includes special emphasis on related criminal behaviors and relapse prevention.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 Transcend United Technologies

Springfield, Pennsylvania, United States

Transcend United Technologies provides cost-effective IT, network, and telecom solutions for the mid-market. Transcend United delivers products and expertise in technologies such as Voice-over-IP telephony, WAN Optimization, data center management, and data replication. With these offerings, Transcend helps organizations solve real business problems such as optimizing voice and data networks, improving call center performance, ensuring business continuity in case of a disaster, complying with major regulatory standards (such as SAS 70 and PCI DSS), and reducing staffing and operations costs in the data center. One of the largest Value-Added Resellers in the US, Transcend is headquartered in Springfield, PA, has a major regional office in Minneapolis, and sales offices in Chicago and Boston.

Sell -