The massive market disruption and its impact on companies hasn’t fundamentally altered how Radnor-based NewSpring Capital looks at deals. In fact, in the early months of the pandemic and the ensuing shutdowns, Adam VeVerka, partner, business development, says the company was still closing deals and had others in diligence.
But the pandemic has given NewSpring Capital, and other buyers, some pause. Investments are still being made, but with a newfound perspective. For example, more attention is being paid to certain markets and consumer behaviors.
“I think there’s going to be a new set of behaviors and norms in terms of the way everyone does business, in the way consumers behave, as well," VeVerka says. “That will give us a different lens to look at this.”
Executing, however, is also expected to be a challenge as aspects such as underwriting and outlook are more difficult to discern given the uncertainty.
VeVerka spoke with the Smart Business Dealmakers Podcast about the state of dealmaking and what has buyers’ attention as they look for opportunities.
Listen to the whole podcast here.