Investment Summary

NewSpring Capital Invests In GoNetspeed

On February 18, 2016, private equity firm NewSpring Capital invested in communications company GoNetspeed

Investment Highlights
  • This is NewSpring Capital’s 7th transaction in the Communications sector.
  • This is NewSpring Capital’s 94th transaction in the United States.
  • This is NewSpring Capital’s 5th transaction in New York.
Investment Fate
  • GoNetspeed was sold to a financial buyer in 2020 for 106M USD.

Investment Summary
Date 2016-02-18
Target GoNetspeed
Sector Communications
Investor(s) NewSpring Capital
Deal Type PIPE

Target

GoNetspeed

Rochester, New York, 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 Rochester, New York.

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Investor(S) 1

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

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 95 of 187
Sector (Communications) 7 of 8
Type (PIPE) 1 of 1
State (New York) 5 of 16
Country (United States) 94 of 183
Year (2016) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 SnagAJob

Glen Allen, Virginia, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Celigo

San Mateo, California, United States

Celigo is an integration platform as a service (iPaaS) that allows IT and line of business teams alike to automate both common and custom business processes, enabling the entire organization to be more agile and innovate faster than competitors. Celigo was formed in 2011 and is based in San Mateo, California.

Buy -
Mergr

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