Investment Summary

NewSpring Capital Invests In Blo Blow Dry Bar

On March 18, 2021, private equity firm NewSpring Capital invested in franchising company Blo Blow Dry Bar

Investment Highlights
  • This is NewSpring Capital’s 1st transaction in the Franchising sector.
  • This is NewSpring Capital’s 2nd transaction in Canada.
  • This is NewSpring Capital’s 2nd transaction in Ontario.

Investment Summary
Date 2021-03-18
Target Blo Blow Dry Bar
Sector Franchising
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Blo Blow Dry Bar

Toronto, Ontario, Canada
Blo Blow Dry Bar is a blow dry bar franchise that provides no cuts, no color: Just wash, blo, go. Guests choose from signature styles featured in the Blo Hair Menu, from smooth and straight to runway inspired curls. Blo Blow Dry Bar was founded in 2007 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

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 156 of 201
Sector (Franchising) 1 of 5
Type (Growth Capital) 79 of 106
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2021) 5 of 19
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aging with Comfort

Philadelphia, Pennsylvania, United States

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