Appriss Retail Acquired by Gemspring Affiliate to Enhance Growth Opportunities
Deal News | Mar 12, 2025 | Gemspring Capital
Gemspring Capital Management, a middle-market private equity firm based in Westport, Connecticut, has announced that one of its affiliates has acquired Appriss Retail. Appriss is acclaimed for offering AI-driven analytics and loss prevention software to retailers. The strategic acquisition aims to foster growth and enhanced innovation in Appriss's solutions, providing retailers with tools to combat fraud, reduce losses, and improve consumer experiences. Appriss Retail is renowned for its robust omnichannel intelligence platform trusted by numerous top retailers globally, spanning 45 countries. Avising on the transaction was the law firm McDermott Will & Emery. Gemspring Capital, with $3.8 billion under management, continues its strategy of investing in companies with growth potential, with Appriss aligning well with its portfolio of business services and tech-enabled firms.
Sectors
- Private Equity
- Retail Technology
- Software and Services
Geography
- United States – Both Gemspring Capital and Appriss Retail are headquartered in the U.S., and Appriss serves numerous top U.S. retailers.
- Global – Appriss Retail's services reach 45 countries across six continents, indicating a global footprint for this U.S.-based company.
Industry
- Private Equity – Gemspring Capital operates in the private equity sector, providing capital solutions to middle-market companies.
- Retail Technology – Appriss Retail specializes in providing technology solutions to enhance retail operations and customer experiences through AI-driven analytics.
- Software and Services – The acquisition involves Appriss Retail, which offers software services dedicated to loss prevention and consumer insights for retailers.
Financials
- Not disclosed – The financial terms of the transaction between Gemspring Capital and Appriss Retail were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gemspring Capital Management, LLC | Acquirer | Company | A Westport, Connecticut-based private equity firm with $3.8 billion of capital under management, focusing on middle-market companies. |
| Appriss Retail | Target | Company | A provider of AI-driven analytics and loss prevention software for retailers, serving a global customer base. |
| Michael Osborne | CEO of Appriss Retail | People | Leading Appriss Retail in its next growth phase post-acquisition. |
| Aron Grossman | Managing Director at Gemspring Capital | People | Overseeing the acquisition from Gemspring's side and highlighting Appriss's value in the market. |
| McDermott Will & Emery, LLP | Legal Advisor | Company | Provided legal advisory services to Gemspring Capital during the acquisition. |