It is no secret that private equity firms are flush with cash and are ready to spend it on acquisitions. NewSpring Capital invests in middle market and lower mid-market businesses that have up to $50 million in revenue across the financial technology, logistics, government services and cloud/IT sectors. “We believe we are headed for a fairly healthy environment for economic growth,” general partner Skip Maner tells Mergers & Acquisitions in this Q&A.
Where does NewSpring see deal opportunities?
We expect there to be ample dealmaking opportunities among middle-market and family-owned businesses across a wide range of industries coming out of the pandemic. Growing a business is a challenge in any economic climate, but after periods of volatility, similar to that of 2008 with the Great Recession, many founders welcome the idea of bringing in a financial partner that can not only provide downside protection, but also offer a capital infusion and operational guidance that can help their business reach new levels of growth.