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New Deal


Announced

Completed

Providence Strategic Growth completed an investment in Next Glass.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

recommendation services

software solutions

Friendly

United States

Minority

wine recommendations

beverage analytics

Software

Private Equity

Private

Acquisition

Domestic

Synopsis

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Providence Strategic Growth, an asset management firm, completed an investment in Next Glass, a provider of software to the beverage alcohol industry. Financial terms were not disclosed. The investment intends to support the Next Glass' pursuit of add-on acquisitions of technology platforms serving beverage alcohol producers, wholesalers, resellers and consumers. "We are grateful for PSG's support in establishing this $2m Small-to-Medium Sized Business Support Fund. Breweries, bars, restaurants and other pillars of local communities around the world deserve our support during this trying period. We're committed to helping these businesses re-open and expand after restrictions lift," Trace Smith, Next Glass CEO.

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