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;

LATEST ISSUE
Powered by Share Trading

POPULAR ARTICLES
LE FONTI AWARDS 2017 CELEBRATE EXCELLENCES IN LONDON.

23/10/2017

On October 20th, 2017, the world’s leading corporate stars reunited for a speci

Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&