Investment Summary

NewSpring Capital and Alerion Capital Group Invest In MicroAge

On September 1, 2020, private equity firms NewSpring Capital and Alerion Capital Group invested in information technology company MicroAge

Investment Highlights
  • This is NewSpring Capital’s 20th and Alerion Capital Group’s 2nd transaction in the Information Technology sector.
  • This is NewSpring Capital’s 142nd and Alerion Capital Group’s 7th transaction in the United States.
  • This is NewSpring Capital’s 1st and Alerion Capital Group’s 2nd transaction in Arizona.

Investment Summary

Date 2020-09-01
Target MicroAge
Sector Information Technology
Investor(s) NewSpring Capital
Alerion Capital Group
Deal Type Growth Capital

Target

MicroAge

Phoenix, Arizona, United States
MicroAge is a technology services and solutions provider. MicroAge was founded in 1976 and is based in Phoenix, Arizona.

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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 144 of 200
Sector (Information Technology) 20 of 25
Type (Growth Capital) 71 of 105
State (Arizona) 1 of 2
Country (United States) 142 of 196
Year (2020) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-27 Fashionphile

Carlsbad, California, United States

Fashionphile is a buyer and seller of ultra-luxury pre-owned handbags, watches, fine jewelry, and accessories. FASHIONPHILE is helping to define a new chapter for luxury ecommerce by increasing the affordability and accessibility of luxury products. Fashionphile was founded in 1999 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 Beacon Manufacturing Group

Alexandria, Minnesota, United States

Beacon Manufacturing Group specializes in the manufacturing of highly engineered products and assembled components providing value-added services and solutions to customers. Beacon Manufacturing Group was founded in 2020 and is based in Alexandria, Minnesota.

Buy -
Investor

Alerion Capital Group

Scottsdale, Arizona, United States

Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Alerion Capital Group is a private equity group focused on investments in later-stage mid-market tech oriented businesses. Specific areas of interest include technology hardware, software and services, and technology enabled services. Prospective transaction types include recapitalizations, management led buyouts, leveraged buyouts, divestitures, and growth capital financings. The Firm seeks businesses valued between $5 and $50 million with revenues up to $100 million. Alerion prefers opportunities located in the Western US. Alerion Capital Group was established in 2000 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 7 of 8
Sector (Information Technology) 2 of 2
Type (Growth Capital) 3 of 4
State (Arizona) 2 of 2
Country (United States) 7 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Apex Microtechnology

Tucson, Arizona, United States

Apex Microtechnology designs and manufactures high performance monolithic and hybrid analog power integrated circuits that provide off-the-shelf solutions across a wide range of commercial, industrial and military applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 MAC Panel

High Point, North Carolina, United States

MAC Panel provides connectivity solutions for automated test applications. Its engineering department provides custom or semi-custom, start-to-finish design, and outsourced consulting services that aim to meet all customer needs and reduce time to test. MAC Panel is based in High Point, North Carolina.

Buy -