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M&A Deal Summary

NewSpring Capital Acquires ProfitPoint

On March 8, 2007, private equity firm NewSpring Capital acquired financial services company ProfitPoint

Acquisition Highlights
  • This is NewSpring Capital’s 1st transaction in the Financial Services sector.
  • This is NewSpring Capital’s 24th transaction in the United States.
  • This is NewSpring Capital’s 10th transaction in Pennsylvania.
Investment Fate
  • ProfitPoint was sold to a strategic buyer in 2013.

M&A Deal Summary
Date 2007-03-08
Target ProfitPoint
Sector Financial Services
Buyer(s) NewSpring Capital
Deal Type Going Private

Target

ProfitPoint

Clifton Heights, Pennsylvania, United States
ProfitPoint is the leading provider of stored value solutions for the mass merchant marketplace. The company specializes in the design and implementation of custom Gift and Loyalty Card Programs and supports their programs with all forms of non-cash payment processing products and services, as well as marketing collateral, gift card packaging, 24/7 customer service and free merchant training. ProfitPoint has experienced double-digit growth year over year since its inception. Now serving more than 20,000 merchant locations nationwide, ProfitPoint produces in excess of fifteen million cards per year and processes more than twenty million stored value transactions on its proprietary gift and loyalty card platform. ProfitPoint is based in Clifton Heights, 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 24 of 201
Sector: Financial Services M&A 1 of 3
Type: Going Private M&A Deals 1 of 2
State: Pennsylvania M&A 10 of 45
Country: United States M&A 24 of 197
Year: 2007 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 NCT

Charlotte, North Carolina, United States

NCT, Inc. is a leading communications services company providing infrastructure networking and connectivity solutions to companies in the Southeast.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-20 Faxitron X-Ray

Lincolnshire, Illinois, United States

Faxitron X-Ray LLC is the global leader in cabinet x-ray systems for specimen radiography, research, and NDT applications. With an installed base of over 6,000 systems in medical facilities and scientific and industrial laboratories around the world, Faxitron is the industry standard in cabinet x-ray. For more than 30 years, Faxitron has defined cabinet x-ray by developing innovative products to meet the evolving needs of our customers. From film to the latest in digital imaging technology, our focus on quality and ease-of-use continues to earn the trust and repeat business of our customers.

Buy -
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