NewSpring Invests Growth Capital in Central Bark

Central Garden & Pet Acquires TDBBS (Best Bully Sticks, Barkworthies, Paw Love)

November 3, 2023

Consumer Products

Central Garden & Pet (NASDAQ: CENT) has acquired TDBBS, LLC — the owner of Best Bully Sticks, Barkworthies and Paw Love — from private equity firm Bregal Partners. The Richmond, Virginia–based natural dog chews and treats business bolsters Central’s dog treats and chews portfolio and strengthens its eCommerce and digital capabilities; the transaction closed on November 3, 2023.

Central Payments Raises $30M Growth Round Led by Castle Creek Capital

August 11, 2022

Payments & Fintech

Central Payments completed a $30 million growth equity raise led by Castle Creek Capital with additional investment from Launchpad Capital, enabling the fintech to spin out from Central Bank of Kansas City. Proceeds will fund technology, product, and staffing investments as the company scales its Open*CP API marketplace and prepaid card issuance business; the bank will remain an investor and strategic partner.

NewSpring Leads Series C Investment in Cordial

July 26, 2022

Cloud & SaaS

NewSpring Growth led a Series C growth investment in Cordial on July 26, 2022, with co-investor ABS Capital. The $50 million round will be used to accelerate product innovation, expand Cordial's global team, and scale its cross-channel marketing and customer data platform capabilities for enterprise marketers.

SJ Partners, Aaron Kleinhandler, Everside and Northcreek Invest in CentralBDC

March 7, 2022

Professional Services

Aaron Kleinhandler, SJ Partners, Northcreek Mezzanine and Everside Capital Partners made an equity investment into CentralBDC (to be renamed CentralBDC, Enterprises, LLC), an outsourced business development company based in Boca Raton, Florida that provides lead management and BDC services to auto dealerships nationwide. The transaction provides subordinated debt and equity from Everside and Northcreek alongside a senior term loan from Enterprise Bank & Trust and positions the business for institutional growth and platform-driven add-on acquisitions.

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.

NewSpring Franchise (NewSpring Capital) Makes Growth Investment in Blo Blow Dry Bar

March 18, 2021

Restaurants & Hospitality

NewSpring Franchise, a newly launched strategy from NewSpring Capital, made a growth-equity investment in Blo Blow Dry Bar, North America’s original blow dry bar franchise. The investment will support Blo’s continued multi-unit franchise expansion across the United States and Canada and NewSpring partners will join the company’s board to help scale the brand.