Wealthcare Capital Announces Merger with NewSpring Holdings

November 18, 2013

On November 14, 2013, Wealthcare Capital Management announced that it had entered into a merger agreement to be acquired by NewSpring Holdings, a private equity investment company.  The transaction is expected to close in December 2013.

On November 14, 2013, Wealthcare Capital Management announced that it had entered into a merger agreement to be acquired by NewSpring Holdings, LLC.  Wealthcare Capital licenses wealth management technology and acts as a registered investment advisor with approximately $800 million in assets under management.  NewSpring Holdings, part of the NewSpring Capital family of funds, focuses on control buyouts and platform builds in the software, tech-enabled services and niche manufacturing sectors.  The terms of the transaction, expected to close in December 2013, were not disclosed.

To read the press release, please click here.


Categories

Investment Manager M&A, Investment Manager Private Equity, Transactions