NewSpring’s buyout strategy, NewSpring Holdings, has raised an additional $120 million in a funding round led by Northleaf Capital Partners (Northleaf) and Velocity Structured Solutions.
The investment supports the strategic growth and expansion of NewSpring Holdings’ existing platform companies and the acquisition of additional platforms, where the team seeks to consolidate fragmented markets with proven leadership and technology enablement.
NewSpring Holdings continues to broaden the reach of its investment approach with acquisitions into new fragmented markets using its deep network of industry leaders and influencers across a wide array of operational areas and sectors.
“Strategic M&A is fundamental to our next stage of growth, and this capital infusion will help propel our platform expansions forward,” says Lee Garber, NewSpring Holdings Partner. “We are extremely proud of the collective growth our existing platform companies have had to date and look forward to continuing to partner with more innovative founders and business owners in the future.”
Read more/Source: Private Equity Wire
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