PHILADELPHIA, August 31, 2020: Morgan Lewis represented NewSpring Growth, the dedicated growth and expansion strategy of private equity firm NewSpring, in a $38.5 million investment in Fashionphile.
NewSpring, a family of private equity strategies managing more than $2 billion, partners with high-performing companies in dynamic industries to catalyze new growth. Fashionphile is an ecommerce company focused exclusively on preowned ultra-luxury handbags, watches, and fine jewelry.
The Morgan Lewis team included partners Andrew Budreika, Jackie Aguilera, Dana Gross, and Richard Zarin, and associates Ben Stango, Charles Condro, Sarah Kim, Gene Park, and Malaz Moustafa.