M&A Deal Summary

New Mountain Capital and Gemspring Capital Acquire Radancy

On July 20, 2022, private equity firms New Mountain Capital and Gemspring Capital acquired software company Radancy from Gemspring Capital

Acquisition Highlights
  • This is New Mountain Capital’s 8th and Gemspring Capital’s 5th transaction in the Software sector.
  • This is New Mountain Capital’s 83rd and Gemspring Capital’s 22nd transaction in the United States.
  • This is New Mountain Capital’s 9th and Gemspring Capital’s 3rd transaction in New York.

M&A Deal Summary

Date 2022-07-20
Target Radancy
Sector Software
Buyer(s) New Mountain Capital
Gemspring Capital
Sellers(s) Gemspring Capital
Deal Type Secondary Buyout

Target

Radancy

New York, New York, United States
Radancy is a provider of enterprise software and services solutions for end-to-end talent sourcing, intelligently solving the most critical challenges for employers and delivering results that strengthen their organizations. Radancy was founded in 1967 and is based in New York, New York.

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Buyer(S) 2

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 87 of 103
Sector: Software M&A 8 of 10
Type: Secondary Buyout M&A Deals 35 of 39
State: New York M&A 9 of 10
Country: United States M&A 83 of 98
Year: 2022 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Summit Wash Holdings

Palm Beach Gardens, Florida, United States

Summit Wash Holdings is the owner and operator of a rapidly expanding network of express car washes located in the Northeast, Midwest and Southeast regions. The company operates under two brands, Russell Speeder’s and Waters Car Wash, both dedicated to providing customers with exceptional car wash experiences. Summit Wash Holdings was formed in 2022 and is based in Palm Beach Gardens, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 PerkinElmer

Shelton, Connecticut, United States

PerkinElmer is a global analytics services and solutions provider for the biopharma, food, environmental, safety and applied end markets. The Company offers a comprehensive portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables, and reagents, as well as laboratory services through the OneSource platform. PerkinElmer is based in Shelton, Connecticut.

Buy $2.5B
Buyer

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 22 of 39
Sector: Software M&A 5 of 8
Type: Secondary Buyout M&A Deals 7 of 12
State: New York M&A 3 of 3
Country: United States M&A 22 of 38
Year: 2022 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 GoldenSource

New York, New York, United States

GoldenSource is an independent provider of enterprise data management and master data management solutions to financial services customers worldwide. GoldenSource's offerings enable customers to manage risks, comply with regulatory requirements, and control costs in the middle and back office with a trusted source of complete, consistent information. GoldenSource was founded in 1984 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 ROR Partners

Las Vegas, Nevada, United States

ROR Partners is a tech-enabled provider of omni-channel marketing services to location-based businesses in the US. ROR Partners is headquartered in Las Vegas, Nevada.

Buy -

Seller(S) 1

SELLER

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 2 of 9
Sector: Software M&A 1 of 3
Type: Secondary Buyout M&A Deals 2 of 7
State: New York M&A 1 of 1
Country: United States M&A 2 of 9
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 GoldenSource

New York, New York, United States

GoldenSource is an independent provider of enterprise data management and master data management solutions to financial services customers worldwide. GoldenSource's offerings enable customers to manage risks, comply with regulatory requirements, and control costs in the middle and back office with a trusted source of complete, consistent information. GoldenSource was founded in 1984 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 ROR Partners

Las Vegas, Nevada, United States

ROR Partners is a tech-enabled provider of omni-channel marketing services to location-based businesses in the US. ROR Partners is headquartered in Las Vegas, Nevada.

Buy -