Investment Summary

NewSpring Capital Invests In Shake Smart

On March 14, 2024, private equity firm NewSpring Capital invested in food company Shake Smart

Investment Highlights
  • This is NewSpring Capital’s 2nd transaction in the Food sector.
  • This is NewSpring Capital’s 180th transaction in the United States.
  • This is NewSpring Capital’s 16th transaction in California.

Investment Summary
Date 2024-03-14
Target Shake Smart
Sector Food
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Shake Smart

San Diego, California, United States
website
Shake Smart provides healthy, nutritious, and delicious protein shakes, protein smoothies, acai bowls, wraps, nut butter avocado toast, and more to its customers across multiple dayparts. Shake Smart was founded in 2011 and is based in San Diego, California.

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Investor(S) 1

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 184 of 184
Sector (Food) 2 of 2
Type (Growth Capital) 97 of 97
State (California) 16 of 16
Country (United States) 180 of 180
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 ASI

Fullerton, California, United States

ASI is a provider of specialized therapy for children living with autism spectrum disorder (ASD). ASI provides behavioral health services with a specialty in therapy for children living with ASD. ASI is based in Fullerton, California.

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