NewSpring Elevate Continuation Vehicle Invests in Energage and PX
October 31, 2024
NewSpring has launched NewSpring Elevate, an oversubscribed continuation vehicle that invested in portfolio companies Energage and PX to provide liquidity for existing shareholders and NewSpring Growth Capital IV (NSG IV) investors. Blackstone Strategic Partners acted as lead investor on the transaction; the new capital will support organic and inorganic growth initiatives at both companies.
- Buyers
- NewSpring Elevate (continuation vehicle / NewSpring Growth), Blackstone Strategic Partners
- Targets
- Energage, PX
- Sellers
- Existing shareholders and NewSpring Growth Capital IV (NSG IV) investors
- Industry
- Software
- Location
- United States
- Transaction Type
- Recapitalization
Explore More
Related Acquisitions
-
NewSpring Growth Invests in Enboarder
February 9, 2022
Cloud & SaaS
NewSpring Growth, the growth equity arm of NewSpring, has made a minority investment in Enboarder to fund the employee engagement platform's international expansion, infrastructure investments, and headcount growth. Enboarder will use the proceeds to accelerate global growth after a period of rapid revenue and customer expansion.
-
NewSpring Leads $26.5M Growth Round in Trio Mobil
July 29, 2024
AI & Machine Learning
Trio Mobil secured $26.5 million in growth financing led by NewSpring (via its NewSpring Growth strategy) with participation from existing investors 212 and TIBAS Ventures. The capital will be used to scale Trio Mobil’s AI- and IoT-based workplace safety and efficiency platform, accelerate U.S. and international expansion, and support product and device deployment.
-
NewSpring Holdings Acquires underdog venture team to Form underdog & company
June 26, 2023
Marketing & Advertising
NewSpring Holdings, the platform-focused strategy of private equity firm NewSpring, has acquired underdog venture team to form a new marketing services platform called underdog & company. The investment will support strategic acquisitions and growth in the sports, media, entertainment, and nonprofit marketing markets, with underdog leadership (Dan Mannix and Nicole Jeter West) continuing in senior roles.
-
NewSpring Growth Invests in Bespoke Post
October 28, 2021
E-Commerce
NewSpring Growth, the growth strategy of private investment firm NewSpring, made a growth equity investment in New York-based direct-to-consumer e-commerce company Bespoke Post to fuel rapid expansion. The capital will be used to accelerate member growth, invest in data science capabilities, and pursue retail partnerships to broaden distribution.
-
PSG Makes Strategic Growth Investment in Searchspring
September 27, 2022
Cloud & SaaS
PSG, a growth equity firm, has made a strategic growth investment in Searchspring to accelerate the ecommerce site search, product merchandising, and personalization platform's product innovation and go-to-market expansion. Financial terms were not disclosed; existing investor Scaleworks will remain an investment partner.
-
Bridgeside Capital Acquires Catalyst MXE with NewSpring Mezzanine Support; Catalyst Buys SPOON Events and Nomadic Agency
February 13, 2025
Marketing & Advertising
Bridgeside Capital acquired a control equity position in marketing and events agency Catalyst MXE, while NewSpring Mezzanine provided subordinated debt and equity to support the transaction. Proceeds were used to fund Catalyst’s simultaneous add-on acquisitions of SPOON Events and Nomadic Agency as part of a buy‑and‑build strategy to broaden creative, events, and experiential capabilities.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.