Founded in 1999, SurveyMonkey provides online subscription-based survey solutions that enable people to quickly and easily create surveys, collect responses and analyze survey results. SurveyMonkey provides the highest level of service to its customers with 24-hour support on weekdays and a one-hour customer response policy. Since inception, over two million users have registered with SurveyMonkey, creating over six million surveys and generating over 200 million completed surveys.
"NewStar played an integral role in the successful execution of the transaction. The NewStar team was very responsive and flexible throughout the process, and we are looking forward to building the relationship," said Ben Spero, Principal at Spectrum Equity Investors. "NewStar proved to be a reliable financing partner in the face of a very challenging credit environment."
NewStar acted as Documentation Agent for the senior secured credit facilities. "NewStar is very pleased to partner with Spectrum Equity Investors and the SurveyMonkey team to support the company's unique and proven business model, and we look forward to supporting SurveyMonkey's growth initiatives," said Scott Reeds, Director at NewStar. "This deal is a great opportunity to partner with and build a strong relationship with a top-tier equity sponsor in Spectrum Equity Investors."
NewStar's deal team included Scott Reeds and Tom Gillis.
About NewStar Financial, Inc.:
NewStar Financial (Nasdaq:NEWS) is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets. The Company specializes in providing senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders.
NewStar is headquartered in Boston, MA and has regional offices in Darien, CT, Chicago, IL, and Charleston, SC. For more detailed transaction and contact information please visit www.newstarfin.com.
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SOURCE: NewStar Financial, Inc.
NewStar Financial, Inc.
Corporate Inquiries:
Colleen Banse
(617) 848-2502
Brian Fischesser
(617) 848-2512

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