Portfolio News

NewSpring Growth: An Inside Look


NewSpring announces record first half in portfolio company activity with eight separate NewSpring Growth portfolio company monetizations through strategic acquisitions and public exits, representing over $3.5 billion in enterprise value.

With an average MOIC of approximately 4.0x on these transactions, NewSpring has a focus on creating operational improvements that provide clear and predictable paths to exponential growth. Read on to learn more about the strategy's escalating momentum in 2021.

Innovid Goes Public 
NewSpring Growth portfolio company Innovid, a global leader in television advertising delivery and measurement, recently announced plans to become publicly listed at an implied $1.3 billion valuation via a merger with ION Acquisition Corp. Innovid has emerged as one of the largest independent advertising platforms in the world, and this step marks an important growth milestone in the company’s 14-year history.
Read more

Innovid Goes Public

NewSpring Growth portfolio company Innovid, a global leader in television advertising delivery and measurement, recently announced plans to become publicly listed at an implied $1.3 billion valuation via a merger with ION Acquisition Corp. Innovid has emerged as one of the largest independent advertising platforms in the world, and this step marks an important growth milestone in the company’s 14-year history.

Read more


NuOrder to be Acquired by Lightspeed 
NewSpring portfolio company NuOrder, a leading cloud and mobile B2B ecommerce solution for brands and retailers, recently announced it will be acquired by Lightspeed, a one-stop commerce platform and point-of-sale technology provider for retailers, restaurants, and more, in a $425 million deal. Together, these two companies will help elevate brands and retailers as ecommerce continues to grow in importance in a post-COVID-19 economy.
Read more

NuOrder to be Acquired by Lightspeed

NewSpring portfolio company NuOrder, a leading cloud and mobile B2B ecommerce solution for brands and retailers, recently announced it will be acquired by Lightspeed, a one-stop commerce platform and point-of-sale technology provider for retailers, restaurants, and more, in a $425 million deal. Together, these two companies will help elevate brands and retailers as ecommerce continues to grow in importance in a post-COVID-19 economy.

Read more


NewSpring Exits Archer
In June, NewSpring Growth announced its exit of Archer, a technology-enabled service provider for the asset management industry. Over the course of NewSpring’s investment, Archer has grown into an industry leader in helping investment managers streamline operations and enable growth through new product innovation and cost management. 
Read more

NewSpring Exits Archer

In June, NewSpring Growth announced its exit of Archer, a technology-enabled service provider for the asset management industry. Over the course of NewSpring’s investment, Archer has grown into an industry leader in helping investment managers streamline operations and enable growth through new product innovation and cost management.

Read more


Exegy Merges with Vela Trading Systems
NewSpring portfolio company Exegy, a low-latency solutions provider of global financial market data and technology, recently announced it will merge with Vela Trading Systems LLC, a leading provider of data and trading execution technology. The combined company creates the industry’s top provider of premier data and execution platforms and managed services for electronic securities trading.
Read more

Exegy Merges with Vela Trading Systems

NewSpring portfolio company Exegy, a low-latency solutions provider of global financial market data and technology, recently announced it will merge with Vela Trading Systems LLC, a leading provider of data and trading execution technology. The combined company creates the industry’s top provider of premier data and execution platforms and managed services for electronic securities trading.

Read more


Invoca Acquires DialogTech
NewSpring portfolio company Invoca has acquired DialogTech, an AI-powered call tracking and analytics solution for marketers. With this acquisition, Invoca now becomes the #1 conversation intelligence platform on the market with more than $100 million in revenue, 2,000+ customers, and over 300 employees.
Read more

Invoca Acquires DialogTech

NewSpring portfolio company Invoca has acquired DialogTech, an AI-powered call tracking and analytics solution for marketers. With this acquisition, Invoca now becomes the #1 conversation intelligence platform on the market with more than $100 million in revenue, 2,000+ customers, and over 300 employees.

Read more


Star2Star Acquired by Sangoma
NewSpring portfolio company Star2Star Communications LLC recently announced it was acquired by Sangoma Technologies Corporation in a $437 million deal. In exchange for its position in Star2Star, NewSpring received a combination of cash and public stock of Sangoma. As the company continues to grow following its new partnership with Star2Star, NewSpring’s ownership of Sangoma stock will provide the Firm with opportunities to return capital to its shareholders.
Read more

Star2Star Acquired by Sangoma

NewSpring portfolio company Star2Star Communications LLC recently announced it was acquired by Sangoma Technologies Corporation in a $437 million deal. In exchange for its position in Star2Star, NewSpring received a combination of cash and public stock of Sangoma. As the company continues to grow following its new partnership with Star2Star, NewSpring’s ownership of Sangoma stock will provide the Firm with opportunities to return capital to its shareholders.

Read more


SparkPost to be Acquired by MessageBird
NewSpring Growth portfolio company SparkPost, the world’s leading email sending and deliverability platform, announced earlier this year that it will be acquired by MessageBird in a $600 million deal. SparkPost’s ability to send over 5 trillion emails per year as well as its strong position in the U.S. market were major driving forces behind the transaction.
Read more

SparkPost to be Acquired by MessageBird

NewSpring Growth portfolio company SparkPost, the world’s leading email sending and deliverability platform, announced earlier this year that it will be acquired by MessageBird in a $600 million deal. SparkPost’s ability to send over 5 trillion emails per year as well as its strong position in the U.S. market were major driving forces behind the transaction.

Read more


Arrive and FlashParking Merge 
NewSpring portfolio company Arrive has merged with FlashParking. The combination will create the operating system for the new way to manage mobility, enabling parking companies to better prepare for the changing office and consumer landscape and thrive in an all-digital world.
Read more

Arrive and FlashParking Merge

NewSpring portfolio company Arrive has merged with FlashParking. The combination will create the operating system for the new way to manage mobility, enabling parking companies to better prepare for the changing office and consumer landscape and thrive in an all-digital world.

Read more


NewSpring Invests in Deposco 
In March, NewSpring Growth invested in Deposco, a leading provider of cloud-based omnichannel fulfillment software solutions. Deposco will use the proceeds of this investment to accelerate development efforts to broaden and deepen its suite of unified commerce solutions and expand its presence in established and new international markets.
Read more

NewSpring Invests in Deposco

In March, NewSpring Growth invested in Deposco, a leading provider of cloud-based omnichannel fulfillment software solutions. Deposco will use the proceeds of this investment to accelerate development efforts to broaden and deepen its suite of unified commerce solutions and expand its presence in established and new international markets.

Read more


Related Articles

NewSpring Names Hart Callahan as Partner of Growth Strategy

NewSpring (the "Firm"), a family of private equity strategies, today announced it has promoted Hart...

Transactions & News

September 23, 2021

Read more

The Bottom Line: NewSpring Exits Archer

NewSpring, a family of private equity strategies, announced today that NewSpring Growth, the Firm’s...

Transactions & News

June 10, 2021

Read more

Get the latest
NewSpring news

arrow_forwardSubscribe

Get the latest news delivered to your inbox

arrow_forward Subscribe now