NewSpring, Tecum Capital, Leedon Park and PNC Provide Growth Investment in Spirit Pharmaceuticals

NewSpring Mezzanine and Upstream Capital Invest in Spiro Health

April 30, 2020

Healthcare Services

NewSpring Mezzanine (part of NewSpring) and Upstream Capital provided mezzanine debt and equity to support the merger of America's HealthCare at Home, Cape Medical Supply, and Health Complex Medical into a new platform called Spiro Health. The funding will be used to expand the combined company's geographic footprint, pursue organic growth and acquisitions, and build patient/referral partner technology and service capabilities in home medical equipment and respiratory/sleep care.

NewSpring Invests in Prosperity Behavioral Health

March 16, 2023

Healthcare Services

NewSpring’s healthcare strategy has invested in Prosperity Behavioral Health, a technology-enabled business process outsourcing provider for behavioral health treatment facilities. Prosperity will use the capital to invest in technology, expand service lines and the team, and pursue strategic acquisitions to grow its national footprint; Michelle Mullany was named CEO as part of the transaction.

LLR Partners and NewSpring Capital Invest $180M in SparkPost

January 27, 2021

Cloud & SaaS

SparkPost, a leading enterprise email delivery and analytics platform, secured a $180 million strategic growth investment from LLR Partners, NewSpring Capital and PNC Bank to fund product innovation and expansion. The financing is intended to accelerate SparkPost's next phase of growth as enterprises increasingly rely on email for customer engagement and commerce.

NewSpring Franchise, Tecum Capital and NorthCoast Mezzanine Invest in Shake Smart

March 15, 2024

Restaurants & Hospitality

NewSpring Franchise has made a strategic investment in Shake Smart Holdings, a healthy fast-casual concept, with mezzanine and equity co-investment from Tecum Capital and NorthCoast Mezzanine. The capital will be used to accelerate Shake Smart's unit expansion beyond college campuses into airports, hospitals, military installations and other non-traditional venues; Satya Ponnuru and Patrick Sugrue will join the Shake Smart board.

NewSpring Growth Leads $35M Investment in Deposco

March 1, 2021

Cloud & SaaS

NewSpring Growth led a $35 million investment round in Deposco, with participation from Aspen Capital Group and existing investors. Deposco will use the proceeds to accelerate product development of its cloud-native omnichannel fulfillment platform and expand its presence in established and new international markets; Hart Callahan of NewSpring will join Deposco’s board.

Tecum Capital and Genesis Park Invest in Chemistry to Support Breakwater Management Majority Recapitalization

June 9, 2025

Marketing & Advertising

Tecum Capital, alongside Genesis Park, has invested debt and equity capital in Chemistry to support Breakwater Management’s majority recapitalization of the full-service marketing and digital agency. The financing package, which included senior bank financing from S&T Bank, is intended to strengthen Chemistry’s capacity for growth and expand its competitive position across creative, digital, and multicultural marketing services.