NewSpring Capital Invests in Manifest Digital
September 30, 2014
RADNOR, PA - September 30, 2014 - NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital, made a $6.0 million investment in Manifest Digital, Inc. ("Manifest") in partnership with Enterprise Bank & Trust. Manifest will use the proceeds to support growth initiatives.
Manifest, founded in 2001, operates as one of the largest independent digital marketing agencies in the country. Located in Chicago and St. Louis, the Company has approximately 150 employees that provide content development, branding, website development, user-centered research, mobile and social media services.
"NewSpring and Enterprise share our passion and values as it relates to future opportunities," says Jason Benedict, CEO of Manifest. "Accelerating growth and innovation will be our mantra in 2015."
Anne Vazquez, Principal at NewSpring Capital stated, "We are thrilled to partner with the management team of Manifest Digital. We are confident that the Company's dominant position in the market coupled with its recent launch of its digital Campaign Cloud product, its best in class User Experience lab and strong leadership will provide an excellent opportunity for growth into the future."
About Manifest Digital
Manifest has developed market leading practices in UX, social media, and content marketing that includes strategy and insights, design and technology capabilities. Manifest offers a one-stop solution that delivers cohesive and impactful customer experiences across all relevant digital mediums, while reducing execution risk and costs associated with coordinating the efforts of multiple vendors. Manifest services strategic relationships with Fortune 500 clients including Post Foods, Allstate, Wells Fargo, Kohl's and Motorola.