Investment Summary

NewSpring Capital and TCV Invest In iPipeline

On February 1, 2012, private equity firms NewSpring Capital and TCV invested in internet software and services company iPipeline for 71M USD

Investment Highlights
  • This is NewSpring Capital’s 4th and TCV’s 12th transaction in the Internet Software and Services sector.
  • This is NewSpring Capital’s and TCV’s 8th largest (disclosed) transaction.
  • This is NewSpring Capital’s 62nd and TCV’s 50th transaction in the United States.
  • This is NewSpring Capital’s 23rd and TCV’s 2nd transaction in Pennsylvania.
Investment Fate
  • iPipeline was sold to a consortium of financial buyers in 2015.
  • iPipeline was sold to a publicly-traded strategic buyer in 2019 for 1.6B USD.

Investment Summary

Date 2012-02-01
Target iPipeline
Sector Internet Software and Services
Investor(s) NewSpring Capital
TCV
Deal Type Stake Purchase
Deal Value 71M USD

Target

iPipeline

Exton, Pennsylvania, United States
iPipeline is a provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support. iPipeline provides process automation and seamless integration between every participant in its ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and consumers on a global basis.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

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 63 of 200
Sector (Internet Software and Services) 4 of 15
Type (Stake Purchase) 1 of 1
State (Pennsylvania) 23 of 45
Country (United States) 62 of 196
Year (2012) 2 of 10
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 Emtec

Jacksonville, Florida, United States

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 FirstBest Systems

Bedford, Massachusetts, United States

FirstBest Systems, Inc. is a provider of insurance software solutions that help insurance companies improve underwriting profitability, scale their business and achieve high service levels with agents, across the enterprise.

Buy -
Investor

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 57 of 82
Sector (Internet Software and Services) 12 of 25
Type (Stake Purchase) 3 of 4
State (Pennsylvania) 2 of 2
Country (United States) 50 of 70
Year (2012) 2 of 3
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Genesys

Menlo Park, California, United States

Genesys is a provider of customer engagement software to large enterprises around the globe. The Company empowers its customers to create omni-channel customer experiences, journeys, and relationships. Genesys was founded in 1990 and is based in Menlo Park, California.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-22 ExactTarget

Indianapolis, Indiana, United States

ExactTarget, Inc. is a provider of on-demand email marketing software solutions. The company’s suite of on-demand one-to-one marketing applications enable clients to send business-critical and event triggered communications to increase sales, optimize marketing investments and strengthen customer relationships.

Sell -