Investment Summary

NewSpring Capital Invests In Prosperity Behavioral Health

On March 16, 2023, private equity firm NewSpring Capital invested in financial services company Prosperity Behavioral Health

Investment Highlights
  • This is NewSpring Capital’s 3rd transaction in the Financial Services sector.
  • This is NewSpring Capital’s 180th transaction in the United States.
  • This is NewSpring Capital’s 16th transaction in New Jersey.

Investment Summary

Date 2023-03-16
Target Prosperity Behavioral Health
Sector Financial Services
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Prosperity Behavioral Health

Cherry Hill, New Jersey, United States
Prosperity Behavioral Health is a provider of financial solutions for behavioral health facilities. Prosperity Behavioral Health is based in Cherry Hill, New Jersey.

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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 184 of 201
Sector: Financial Services M&A 3 of 3
Type: Growth Capital M&A Deals 97 of 106
State: New Jersey M&A 16 of 16
Country: United States M&A 180 of 197
Year: 2023 M&A 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 Vac2Go

Louisville, Kentucky, United States

Vac2Go provides repair and maintenance services for vacuum trucks and related equipment at all its facilities.Vac2Go offers daily to multi-month rentals of the latest model trucks and equipment to industrial service contractors, environmental contractors, the construction, excavation, and utility industries, and to state and local municipal governments. Vac2Go was founded in 2011 and is based in Louisville, Kentucky.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-01 Hanson Lab Solutions

Camarillo, California, United States

Hanson Lab Solutions is a vertically-integrated manufacturer and supplier of laboratory casework, fume hoods, and related accessories to R&D laboratory owners and users in the western U.S. including the world’s most prominent biotech, pharmaceutical and life science companies. Hanson Lab Solutions was founded in 1977 and is based in Camarillo, California.

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