Dealflow | February 2, 2017

HCAP exits Vertical Management Systems

The team at


California private equity firm HCAP Partners, an advocate for employee development and financial security, sold its stake in the technology innovation company to NewSpring Holdings.

HCAP took a stake in VMS in 2011 to develop its Retirement Revolution platform, which simplies 401(k)s, cuts transactions costs for retirees, and helps small businesses.

Last week HCAP announced an investment in spa chain Burke Williams, known for its investment in customer service and its employees.