Potentia Capital to acquire a majority stake in NewBook.

Potentia Capital, a private equity firm, agreed to acquire a majority stake in NewBook, a booking and property management system provider. Financial terms were not disclosed. “NewBook is at an inflection point following strong growth and I feel that now is the right time for NewBook to leverage its current lead on our competitors and fast-track our global expansion. I have complete confidence that Potentia Capital will help us do just that given their strong track record and especially their focus and expertise in investing only in high growth technology companies," Brad Illich, NewBook Founder.