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 marketing company Radancy from Gemspring Capital

Acquisition Highlights
  • This is New Mountain Capital’s 2nd and Gemspring Capital’s 3rd transaction in the Marketing sector.
  • This is New Mountain Capital’s 81st and Gemspring Capital’s 23rd transaction in the United States.
  • This is New Mountain Capital’s 7th and Gemspring Capital’s 3rd transaction in New York.

M&A Deal Summary

Date 2022-07-20
Target Radancy
Sector Marketing
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 recruitment advertising agency with a unified platform, augmented by rich data and deep industry expertise, which is revolutionizing how employers attract and hire the talent they need. Radancy was founded in 1967 and is based in New York City.

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Buyer(S) 2

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B 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 2000 and is based in New York City.


DEAL STATS #
Overall 85 of 95
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 35 of 38
State (New York) 7 of 7
Country (United States) 81 of 90
Year (2022) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Emmes

Rockville, Maryland, United States

Emmes is a full-service clinical research organization dedicated to excellence in supporting the advancement of public health and biopharmaceutical innovation. Emmes was founded in 1977 and is based in Rockville, Maryland.

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 leading OneSource platform. PerkinElmer is based in Shelton, Connecticut.

Buy $2.5B
Buyer

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B 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 23 of 32
Sector (Marketing) 3 of 3
Type (Secondary Buyout) 7 of 10
State (New York) 3 of 3
Country (United States) 23 of 32
Year (2022) 5 of 6
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 City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Amplix

Norwood, Massachusetts, United States

Amplix is a provider of technology advisory services and software to more than 2,000 customers across multiple industries, enabling data-driven enhancements to technology decision-making and optimization. The company's advisory services encompass data connectivity, cloud telephony, customer experience, security and managed services, business continuity, cloud optimization, and data center solutions. Amplix was founded in 2011 and is based in Norwood, Massachsetts.

Buy -

Seller(S) 1

SELLER

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B 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 5
Sector (Marketing) 1 of 1
Type (Secondary Buyout) 2 of 4
State (New York) 1 of 1
Country (United States) 2 of 5
Year (2022) 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 City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Amplix

Norwood, Massachusetts, United States

Amplix is a provider of technology advisory services and software to more than 2,000 customers across multiple industries, enabling data-driven enhancements to technology decision-making and optimization. The company's advisory services encompass data connectivity, cloud telephony, customer experience, security and managed services, business continuity, cloud optimization, and data center solutions. Amplix was founded in 2011 and is based in Norwood, Massachsetts.

Buy -