Gemspring Capital Invests in United Group Programs

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, LLC (“Gemspring”), a Westport, Connecticut-based private equity firm specializing in lower middle market companies, announced today that an affiliate has made a strategic investment in United Group Programs, Inc. (“UGP” or “the Company”), a leading designer, marketer and administrator of healthcare benefit products and services. Financial details of the investment were not disclosed.

Gemspring Capital Closes Its Debut Fund at $350 Million

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, LLC (“Gemspring”), a Westport, Connecticut based private equity firm specializing in lower middle market companies, announced the final closing of its debut fund, Gemspring Capital Fund I, LP (the “Fund”), with $350 million of capital commitments.