Spring Mountain Capital Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Spring Mountain Capital has invested in 6 companies.

Spring Mountain Capital’s most common sectors for investment arelife science (26%) and information technology (19%) . The Firm’s most common investment types include venture (67%) and growth capital (19%). In total, Spring Mountain Capital has invested in 17 US states and 3 different countries.

In the last 3 years, Spring Mountain Capital has exited 6 companies. The Firm’s most common exit type is trade sale (89%). Spring Mountain Capital’s largest (disclosed) exit occurred in 2013 when it sold WhipTail Technologies for $415M.

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M&A Summary

  • M&A Total Activity45
    • M&A Buy Activity27
    • M&A Sell Activity18
  • Total Sectors Invested 12
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 29

Spring Mountain Capital

650 Madison Avenue, 20th Floor,
New York, New York 10022
United States
(212) 292-8300
www.smcgrowthcapital.com

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Chemicals, Consumer Products, Consumer Services, Digital Media, Diversified, Electrical Equipment, Electronics, Financial Services, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Manufacturing, Media, Medical Products, Metals/Mining, Software, Test/Measurement Equipment

Target Transaction Types: Growth Capital, Recapitalization, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 2 -
Target EBITDA - -
Investment Size 5 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 19 2 4 2 - - 27
Sell (1.4/yr) # 11 1 6 - - - 18
vol $733M $228M $961M
  45

Most Recent M&A

Company Date Value Type
Everwash Car Club LLC 2022-03-02 - Venture
Philadelphia, Pennsylvania · www.everwash.com
Eyrus 2022-02-16 - Venture
Washington, District of Columbia · www.eyrus.com
Ankyra Therapeutics, Inc. 2021-11-12 - Venture
Boston, Massachusetts · www.ankyratx.com
Outrigger Media, Inc. 2021-11-09 150M USD Trade Sale
New York, New York · www.openslate.com
Hurel Corp. 2021-09-15 - Trade Sale
North Brunswick Township, New Jersey · www.hurelcorp.com
RiskSense, Inc. 2021-08-02 - Trade Sale
Sunnyvale, California · www.risksense.com
Home Captain, Inc. 2021-06-02 - Trade Sale
Brooklyn, New York · www.homecaptain.com
Thentia 2021-05-04 - Venture
Toronto, Ontario · www.thentia.com
180 Health Partners 2021-03-18 - Trade Sale
Franklin, Tennessee · www.180healthpartners.com
Genomenon, Inc. 2021-03-16 - Venture
Ann Arbor, Michigan · www.genomenon.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Life Science 6 (46%) - 7 (26%) -
Information Technology 2 (15%) - 5 (19%) -
Healthcare Services 1 (8%) - 4 (15%) -
Internet Software and Services 2 (15%) - 3 (11%) -
Automotive - - 1 (4%) -
Chemicals - - 1 (4%) -
Consumer Products 1 (8%) - 1 (4%) -
Digital Media 1 (8%) - 1 (4%) -
Electrical Equipment - - 1 (4%) -
Electronics - - 1 (4%) -
Software - - 1 (4%) -
Technology Hardware - - 1 (4%) -
Total 13 - 27 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (85%) - 25 (93%) -
  New York 2 (15%) - 3 (11%) -
  New Jersey - - 3 (11%) -
  Connecticut 2 (15%) - 2 (7%) -
  Pennsylvania 1 (8%) - 2 (7%) -
  California - - 2 (7%) -
  Tennessee - - 2 (7%) -
  Minnesota 1 (8%) - 1 (4%) -
  Michigan 1 (8%) - 1 (4%) -
  Massachusetts 1 (8%) - 1 (4%) -
  District of Columbia 1 (8%) - 1 (4%) -
  Ohio 1 (8%) - 1 (4%) -
  North Carolina 1 (8%) - 1 (4%) -
  Iowa - - 1 (4%) -
  Indiana - - 1 (4%) -
  Colorado - - 1 (4%) -
  Arizona - - 1 (4%) -
  Utah - - 1 (4%) -
Canada 1 (8%) - 1 (4%) -
  Ontario 1 (8%) - 1 (4%) -
Israel 1 (8%) - 1 (4%) -
Total 13 - 27 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 12 (92%) - 18 (67%) -
Growth Capital - - 5 (19%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 2 (7%) -
Recapitalization - - 1 (4%) -
Stake Purchase - - 1 (4%) -
Total 13 - 27 -

Exits by Deal Type

Type Total # Value
Trade Sale 9 (50%) 78M (8%)
Trade Sale - Public Company 8 (44%) 883M (92%)
Secondary Sale 1 (6%) -
Total 18 $961M

Deal Values

sell # Total
$100M to $1B 3 $883M
< $100M 1 $78M
TOTAL $961M
Largest WhipTail Technologies, Inc.
$415M (2013-10-29)

M&A Connections

Deals
Exited to
Investor(s)
6%
1 (6%)
Strategic(s)
89%
16 (89%)

FAQ

When was Spring Mountain Capital founded?

Spring Mountain Capital was founded in 2001.

What type of investor is Spring Mountain Capital?

Spring Mountain Capital is a growth capital firm.

Where is Spring Mountain Capital headquartered?

Spring Mountain Capital is headquartered in New York, New York.

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