Cases and Deals

Date description

Blank Rome Represents NewSpring Holdings in Its Platform Acquisition of Vertical Management Systems, Inc.

Body

Blank Rome served as counsel to NewSpring Holdings, a Philadelphia suburb-based leading middle-market private equity fund, in its platform acquisition of Vertical Management Systems, Inc., a technology innovation firm specializing in solutions for the financial services industry.

The transaction closed on December 19, 2016, following extended negotiations with the seller and its management team, and with NewSpring’s co-investors and lenders.

Client description

NewSpring Holdings is a Philadelphia suburb-based leading middle-market private equity fund.