20 04 2016

NewSpring Capital acquires Altus GTS, Inc.

Blank Rome served as counsel to NewSpring Capital in its acquisition of Altus GTS, Inc.


Altus, which was purchased from French parent company, Natixis, is the nation’s largest and leading commercial debt collection agency, offering a host of accounts receivable management solutions for enterprise and small to medium-sized business clients. As part of the acquisition, Blank Rome also advised Evergreen Industries and Spring Capital Partners, who partnered with NewSpring in completing the deal. The total proceeds will be used in support of Altus’ five-year growth plan, which calls for doubling its current corporate footprint. Based in the Philadelphia suburbs, NewSpring Capital is a leading middle market private equity fund with growth equity, healthcare, mezzanine debt, and buyout strategies. The company, led by Michael A. DiPiano, Marc R. Lederman, Jonathan S. Schwartz, Brian G. Murphy and Steven D. Hobman, was founded in 1999. Blank & Rome has represented NewSpring with a team including Emanuel Faust (Picture), Shlomo Troodler, Alan L. Zeiger, James S. Markwood, Jeffrey M. Rosenfeld, Peter I. Tsoflias, Molly Crane, Adam R. Sansweet, Donald A. Gregory, Jonathan W.S. England, Gabriella E. Ziccarelli, Daniel L. Morgan, John A. Gibbons, Mary Ann Knoeckel and Ana Tagvoryan. Involved fees earner: Emanuel Faust - Blank Rome LLP; Alan Zeiger - Blank Rome LLP; Peter Tsoflias - Blank Rome LLP; Molly Crane - Blank Rome LLP; Mary Ann Knoeckel - Blank Rome LLP; Shlomo Troodler - Blank Rome LLP; James Markwood - Blank Rome LLP; Jeffrey Rosenfeld - Blank Rome LLP; Adam Sansweet - Blank Rome LLP; Donald Gregory - Blank Rome LLP; Jonathan England - Blank Rome LLP; Gabriella Ziccarelli - Blank Rome LLP; Daniel Morgan - Blank Rome LLP; John Gibbons - Blank Rome LLP; Ana Tagvoryan - Blank Rome LLP;

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