M&A Deal Summary

Spring Ventures Acquires Independent Growth Finance

On April 13, 2016, private equity firm Spring Ventures acquired financial services company Independent Growth Finance from Newable

Acquisition Highlights
  • This is Spring Ventures’ 1st transaction in the Financial Services sector.
  • This is Spring Ventures’ 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-04-13
Target Independent Growth Finance
Sector Financial Services
Buyer(s) Spring Ventures
Sellers(s) Newable
Deal Type Divestiture

Target

Independent Growth Finance

Redhill, United Kingdom
Independent Growth Finance is a provider of commercial finance for SMEs. IGF is a national, full service, fully capitalized asset-based lender. IGF provides flexible event-driven funding solutions for mergers and acquisitions, MBOs/MBIs, growth and expansion, restructuring and turnarounds, buy & build, and exits for private equity. Independent Growth Finance was founded in 1997 and is based in Redhill, United Kingdom.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

DESCRIPTION

Spring Ventures LLP is a private equity firm focused on acquiring growth-oriented UK-based companies valued from £5 to £20 million. The Firm targets profitable companies with an interest in business services, industrial products, IT, financial services and healthcare. Spring Ventures was formed in 2010 and is headquartered in London.


DEAL STATS #
Overall 6 of 6
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 6 of 6
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 HFH Healthcare

London, United Kingdom

HFH Healthcare is a provider of home care for individuals with highly complex medical needs such as acquired brain injuries or neurological conditions. HFH Healthcare was founded in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Todd Research

Cambridgeshire, United Kingdom

Todd Research Ltd. is a manufacturer of X-ray scanners used in mailrooms to detect bombs and other suspect packages. Todd Research was founded in 1950 and is based in Cambridgeshire, United Kingdom.

Sell -

Seller(S) 1

SELLER

Newable

London, United Kingdom

Category Company
Founded 1982
Sector Business Services
DESCRIPTION

Newable is a provider of technology, governance, cybersecurity assurance, risk & advisory services. Newable was founded in 1982 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1