M&A Deal Summary

NewSpring Capital Acquires Star2Star

On December 17, 2014, private equity firm NewSpring Capital acquired communications company Star2Star

Acquisition Highlights
  • This is NewSpring Capital’s 5th transaction in the Communications sector.
  • This is NewSpring Capital’s 83rd transaction in the United States.
  • This is NewSpring Capital’s 5th transaction in Florida.
Investment Fate
  • Star2Star was sold to a publicly-traded strategic buyer in 2021 for 437M USD.

M&A Deal Summary
Date 2014-12-17
Target Star2Star
Sector Communications
Buyer(s) NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Star2Star

Sarasota, Florida, United States
Star2Star is a privately-held provider of full-spectrum, internally developed, cloud-native communications services delivered via a high availability, multi-tenant platform. Star2Star targets the value market segments in business communications, including mid-market and enterprise size customers, through solutions that enable digital transformation. Star2Star’s offerings include a comprehensive suite of voice, contact center, collaboration, integration, video meetings, Communications Platform as a Service (CPaaS), and Desktop as Service solutions that work on any device from PC’s to desk phones to mobile softphones, all accessible from anywhere. Star2Star was founded in 2006 and is based in Sarasota, Florida.

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Buyer(S) 1

Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B 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 84 of 201
Sector (Communications) 5 of 7
Type (Buyout (LBO, MBO, MBI)) 23 of 44
State (Florida) 5 of 9
Country (United States) 83 of 197
Year (2014) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Thermacore

Lancaster, Pennsylvania, United States

Thermacore, Inc. is specializes in the design, development and manufacturing of high performance thermal management systems and components for the computer, military, aerospace, energy conversion, medical, and telecommunications markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 EnterpriseDB

Bedford, Massachusetts, United States

EnterpriseDB is a provider of Postgres software and services that enable enterprises to reduce their reliance on costly proprietary solutions and slash their database spend by 90% or more. With powerful performance and security enhancements for PostgreSQL, sophisticated management tools for global deployments and database compatibility for Oracle, EnterpriseDB software supports both mission and non-mission critical enterprise applications. EnterpriseDB was founded in 2004 and is based in Bedford, Massachusetts.

Buy -
Mergr

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