Transactions & News
Year in review

2020: A year of community and evolution

From the global state of emergency and uncertainty caused by COVID-19 to the tragic social injustice and resulting unrest, 2020 threw countless stumbling blocks, but even in the face of uncertainty, we have been overwhelmed by the strength and resilience of our employees, portfolio company management teams, and the broader NewSpring community.

We are deeply humbled and grateful to have experienced considerable growth this year and to emerge from 2020 stronger than we began it. As we look to 2021, it is with a renewed perspective and a commitment to continuing to do our part.

Caring for community

When we are fortunate, we have an imperative to give back. We have codified this belief since our founding through the NewSpring Foundation and redoubled our efforts in the face of COVID-19 and widespread social unrest. In 2020 we also introduced DEI training to build a more diverse and equitable workplace and provide a strong framework to empower both NewSpring and our broader portfolio. This is just the beginning and we remain committed to demonstrating our efforts through consistent, actionable steps forward.


100% match for funds donated by employees to 501(c)(3) organizations / 33 charitable organizations donated to by the NewSpring team / Partner to the Small Business Investing Scholars Program, promoting gender, racial, and ethnic diversity in private equity / Launched Diversity, Equity, and Inclusion training to build more diverse and empowered teams within NewSpring and its portfolio




2020


Investing in diverse industries in 2020

For more than 20 years, NewSpring has partnered with innovative management teams in the lower-middle market, which has always meant we cater to a broad array of sectors and 2020 was no different.


Grid of investments and exited company logos



A year of record growth

Thanks to the strength of our team and our networks, 2020 is on track to be a record investment year with 16 transactions closed to date and 1 scheduled to close before year-end.

In 2020

$225M

Invested capital
$1.8B since inception

$2.3B

Assets under management

16

Investments
172 since inception

8

Exits
88 since inception

NewSpring Franchise: our newest strategy

With NewSpring’s focus on partnering with businesses in the diverse—and undercapitalized—lower-middle market, we are excited to announce that we have expanded our capabilities to include a fifth investment strategy that will serve this market in an even more comprehensive way.

Fanchise

Led by experienced investment and operating professionals, NewSpring Franchise will follow the same operationally-oriented approach that has made each of our existing strategies so strong: CEO-level experience paired with deep sector investment knowledge focused on adding operational value at every level.

Satya Ponnuru, Partner / Patrick Sugrue, Partner

Building our team

NewSpring added eight new team members in 2020, strengthening our investment team at almost every level.


In 2020 we also promoted three hardworking individuals who exemplify our firm’s dedication to growth and evolution for the benefit of our companies and our investors.



Sharing the knowledge

We believe when we share ideas and the collective knowledge of NewSpring and our CEOs, we all benefit.

Our investor point of view

FASHIONPHILE: Forging a New Frontier in Luxury Recommerce
By Hart Callahan, Principal
PE Perspectives/White Papers

Advice for operators

With Flexible Capital, Business Owners Create Growth on Their Own Terms
By Anne Vazquez, General Partner
Operating Advice
PE Perspectives/White Papers

How Multi-Unit Businesses Can Position Themselves to Thrive Through the COVID-19 Pandemic
By Satya Ponnuru, General Partner,
and Patrick Sugrue, General Partner
Operating Advice
PE Perspectives/White Papers

Celebrating our companies’ successes

In 2020 we are more proud than ever to celebrate our portfolio’s success. Our companies made big strides and received recognition in the face of extreme odds, and we are proud to share a selection of those accomplishments here.

Interactions Named one of the World’s Most Innovative Companies in 2020

Interactions Named one of the World’s Most Innovative Companies in 2020


Andy Maner Named a Finalist for the EY Entrepreneur Of The Year 2020 Mid-Atlantic Awards

Andy Maner Named a Finalist for the EY Entrepreneur Of The Year 2020 Mid-Atlantic Awards


MicroAge Named to the CRN 2020 Solution Provider 500 List

MicroAge Named to the CRN 2020 Solution Provider 500 List


vybe urgent care is an "LGBTQ Health Care Equality Top Performer" in Human Rights Campaign Foundation's Healthcare Equality Index

vybe urgent care is an "LGBTQ Health Care Equality Top Performer" in Human Rights Campaign Foundation's Healthcare Equality Index


Carrying this momentum forward

2020 has taught us valuable lessons and underscored the importance of adaptability, both for our companies and for ourselves. We carry these lessons and reminders with us as we transition into 2021 and continue to build on the momentum we’ve developed.

Here's to peace, prosperity, and good health in the new year.




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