M&A Deal Summary

NewSpring Capital Acquires Financeware

On January 1, 2018, private equity firm NewSpring Capital acquired financial services company Financeware

Acquisition Highlights
  • This is NewSpring Capital’s 2nd transaction in the Financial Services sector.
  • This is NewSpring Capital’s 122nd transaction in the United States.
  • This is NewSpring Capital’s 36th transaction in Pennsylvania.

M&A Deal Summary
Date 2018-01-01
Target Financeware
Sector Financial Services
Buyer(s) NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Financeware

West Chester, Pennsylvania, United States
Financeware is a platform focused exclusively on tech infrastructure of the wealth management industry. Financeware was born of a need to connect winning solutions to the fast-moving targets, partners and market opportunities playing out across the entire wealth scape. Financeware is based in West Chester, Pennsylvania.

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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 123 of 200
Sector (Financial Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 29 of 44
State (Pennsylvania) 36 of 45
Country (United States) 122 of 196
Year (2018) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Vertical Management Systems

Pasadena, California, United States

Vertical Management Systems, is a provider of data, financial networking, and account aggregation technology. For nearly 25 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States. VMS’s three core products include its retirement platform, Retirement Revolution, a leading supplier of next-generation retirement solutions; Mutual Fund Desk (MFD), a mutual fund process-and-control platform; and Specialized Information Services (SIS), a comprehensive source of customized and audited financial data. Vertical Management Systems was founded in 1992 and is based in Pasadena, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Pillar Technology Group

Columbus, Ohio, United States

Pillar Technology Group LLC is a technology consulting firm that offers its clients the opportunity to solve business problems in a no-constraints, creative, collaborative environment. Pillar Technology Group LLC was founded in 1996 and is based in Columbus, Ohio.

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