Investment Summary

NewSpring Capital Invests In PX

On August 15, 2016, private equity firm NewSpring Capital invested in software company PX for 13M USD

Investment Highlights
  • This is NewSpring Capital’s 11th transaction in the Software sector.
  • This is NewSpring Capital’s 4th largest (disclosed) transaction.
  • This is NewSpring Capital’s 103rd transaction in the United States.
  • This is NewSpring Capital’s 6th transaction in New York.

Investment Summary
Date 2016-08-15
Target PX
Sector Software
Investor(s) NewSpring Capital
Deal Type Growth Capital
Deal Value 13M USD

Target

PX

New York, New York, United States
PX is a marketing technology platform offering sophisticated lead generation and lead exchange solutions to clients across multiple verticals, including insurance, financial services, and home services. PX was founded in 2010 and 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 104 of 200
Sector (Software) 11 of 15
Type (Growth Capital) 45 of 105
State (New York) 6 of 17
Country (United States) 103 of 196
Year (2016) 9 of 14
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 XOS Digital

Wilmington, Massachusetts, United States

XOS Digital, Inc. is a provider of digital technology and media management solutions to collegiate and professional sports organizations in the U.S. XOS Digital developed three product solutions – digital media services, coaching solutions and facilities, design and integration (“FDI”). XOS digital media services offers its partners every piece of fan-facing technology including Internet publishing tools, streaming video and audio, interactive digital networks, original syndicated programming, mobile platforms and emerging technologies.

Sell $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Smart Destinations

Boston, Massachusetts, United States

Smart Destinations helps travelers enjoy more activities in their destinations for less. With both mobile and physical multi-attraction passes, visitors enjoy flexible purchase options, savings of up to 55% off regular admission prices, and the convenience of skipping the line at most popular attractions. Available online and at walk-up retail outlets, Smart Destinations passes, including Go City Cards, Explorer Passes and Go Select Passes, provide admission to more than 400 attractions across nine U.S. destinations

Sell -
Mergr

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Company

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