M&A Deal Summary

NewSpring Capital Acquires Magna5

On November 10, 2016, private equity firm NewSpring Capital acquired information technology company Magna5

Acquisition Highlights
  • This is NewSpring Capital’s 14th transaction in the Information Technology sector.
  • This is NewSpring Capital’s 106th transaction in the United States.
  • This is NewSpring Capital’s 33rd transaction in Pennsylvania.

M&A Deal Summary
Date 2016-11-10
Target Magna5
Sector Information Technology
Buyer(s) NewSpring Capital
Deal Type Consolidation

Target

Magna5

Pittsburgh, Pennsylvania, United States
Magna5 is a managed IT service provider focusing in network and server monitoring, backup and disaster recovery, cybersecurity, help desk and SD-WAN. Magna5 also provides network services, unified communications, and infrastructure technology to more than 7,500 mid-market enterprise customers, including regional leaders within the education, healthcare, government, financial services and beyond. Serving small- to mid-market sized companies, Magna5 offers traditional voice and data services as well as a host of “above the net” cloud services. Magna5 is based in Pittsburgh, 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 107 of 200
Sector (Information Technology) 14 of 25
Type (Consolidation) 2 of 2
State (Pennsylvania) 33 of 45
Country (United States) 106 of 196
Year (2016) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 X5 Solutions

Seattle, Washington, United States

X5 Solutions, Inc. is a provider of communication technologies to deliver diverse solutions to private and public businesses, government agencies and wholesale partners across North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 V12 Group

Red Bank, New Jersey, United States

V12 Group is a premium data provider through proprietary technology, businesses of all sizes gain access to over 5 billion premium consumer, business and automotive records. V12 Group is based in Red Bank, New Jersey.

Sell -
Mergr

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