Investment Summary

NewSpring Capital Invests In Energage

On October 9, 2017, private equity firm NewSpring Capital invested in internet software and services company Energage

Investment Highlights
  • This is NewSpring Capital’s 10th transaction in the Internet Software and Services sector.
  • This is NewSpring Capital’s 118th transaction in the United States.
  • This is NewSpring Capital’s 35th transaction in Pennsylvania.

Investment Summary

Date 2017-10-09
Target Energage
Sector Internet Software and Services
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Energage

Exton, Pennsylvania, United States
Energage provides on-demand, online employee surveys with benchmarked results. The Energage platform combines research, neuroscience principles, and expert guidance to help you unleash performance and realize the full potential of your workforce — both at speed and scale. Energage was founded in 2006 and is based in Exton, Pennsylvania.

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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 119 of 201
Sector (Internet Software and Services) 10 of 15
Type (Growth Capital) 53 of 106
State (Pennsylvania) 35 of 45
Country (United States) 118 of 197
Year (2017) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 TenFour

Morristown, New Jersey, United States

TenFour operates the first IT network infrastructure utility, a model that is transforming the industry and positions IT organizations to drive their digital vision and prosper in today’s Digital Age. TenFour virtualizes all IT network infrastructures in the global enterprise beyond compute and storage—from routers, switches, and firewalls to phones, WiFi, cameras, and IoT devices. The Company is advancing new approaches to deliver and consume IT that drive business value, enhancing agility, reliability, performance, and security at lower cost. TenFour also provides transitional network monitoring, repair, and administration services to facilitate the evolution from traditional models to a virtualized infrastructure model. TenFour was founded in 1998 and is based in Morristown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Buy -