NewSpring Capital Successfully Leads Investment in Nelson Worldwide
January 19, 2017
Radnor, PA - January 19, 2017 - NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine Capital ("NewSpring"), the Firm’s dedicated mezzanine fund, has led an initial investment of $18 million into Nelson Worldwide, Inc. (“NELSON”) in partnership with Salem Investment Partners and a subsidiary of Kemper Corporation (NYSE: KMPR) as well as a commitment for an acquisition strategy.
Founded 40 years ago, NELSON is a leading integrated design and consulting organization with a diverse product offering catering to a wide range of end markets. NELSON offers global design, architecture, engineering, branding, space planning and space management services primarily in the commercial real estate sector. The Company is ranked as one the top ten design firms in the world and a top five office design firm, and is part of a trio of architecture, engineering and interior design brands.
“We are excited to partner with Ozzie and his team at NELSON,” said Anne Vazquez, NewSpring Partner. “With a strong management team behind the wheel, a solid growth strategy, and their focus on customer execution, we are confident that NELSON will continue to drive to success.”
”NELSON has been on an explosive growth path for the past two years,” commented John “Ozzie” Nelson Jr., NELSON’s Chairman and CEO “Partnering with NewSpring provides us the capital to continue our growth path, enhance our position in the industry, and achieve our ultimate strategic goals.”
NELSON is part of Nelson Worldwide Holdings (www.nwh.global.com), a global architecture, design, and consulting services organization based in Minneapolis, and has nearly 650 professionals in over 22 locations around the world and strong experience in a broad range of industries. NELSON works with more than 20 percent of companies in the Fortune 100. NELSON’s interior design practice is ranked in the top ten overall Interior Design “Design Giants”, and in the top 5 Giants focused on workplace design. For more information, visit www.NELSONonline.com.
About Salem Investment Partners
Salem specializes in debt and equity investments in privately-held, middle market businesses. Salem’s principals have completed over 120 investment transactions in companies across a variety of sectors and business cycles. Salem is licensed by the U.S. Small Business Administration to participate in its Small Business Investment Company (“SBIC”) program. The program seeks to increase the flow of capital to emerging and middle-market companies by providing flexible, low-cost funding. For more information, visit www.salemip.com.
The Kemper family of companies is one of the nation’s leading insurers. With $8 billion in assets, Kemper is improving the world of insurance by offering personalized solutions for individuals, families and businesses. Kemper's businesses collectively offer insurance for home, auto, life, health and valuables; service six million policies; are represented by 20,000 agents and brokers; employ 6,000 associates dedicated to providing exceptional service, and; are licensed to sell insurance in 50 states and the District of Columbia. Learn more about Kemper at www.kemper.com.