Investment Summary

NewSpring Capital Invests In Intersection

On November 9, 2017, private equity firm NewSpring Capital invested in digital media company Intersection

Investment Highlights
  • This is NewSpring Capital’s 1st transaction in the Digital Media sector.
  • This is NewSpring Capital’s 120th transaction in the United States.
  • This is NewSpring Capital’s 8th transaction in New York.

Investment Summary
Date 2017-11-09
Target Intersection
Sector Digital Media
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Intersection

New York, New York, United States
Intersection is a Home media and technology company that delivers programming, consumer amenities, and advertising to cities. From free internet access to wayfinding to real-time information, their products make city life easier and more sustainable. Intersection is based in New York City.

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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 121 of 200
Sector (Digital Media) 1 of 1
Type (Growth Capital) 54 of 105
State (New York) 8 of 17
Country (United States) 120 of 196
Year (2017) 12 of 13
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Symphonic Distribution

Tampa, Florida, United States

Symphonic Distribution provides global digital music and video distribution through a comprehensive technology platform, marketing planning and strategy, including playlist support, and a comprehensive suite of services for artists, record labels, managers, and distributors. Symphonic Distribution was founded in 2006 and is based in Tampa, Florida.

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