Investment Summary

New Capital Partners Exit Sprout

On January 9, 2025, growth capital firm Recognize Partners and private equity firm New Capital Partners invested in information technology company Sprout from New Capital Partners

Investment Highlights
  • This is Recognize Partners’ 7th and New Capital Partners’ 4th transaction in the Information Technology sector.
  • This is Recognize Partners’ 8th and New Capital Partners’ 16th transaction in the United States.
  • This is Recognize Partners’ 1st and New Capital Partners’ 2nd transaction in North Carolina.

Investment Summary

Date 2025-01-09
Target Sprout
Sector Information Technology
Investor(s) Recognize Partners
New Capital Partners
Sellers(s) New Capital Partners
Deal Type Recapitalization
Advisor(s) Baird (Financial)
Maynard Nexsen
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Sprout

Charlotte, North Carolina, United States
Sprout provides IT asset disposition (ITAD) and e-waste solutions using its proprietary software platform embedded within the supply chain systems. The company delivers end-to-end services that drive measurably superior data security, sustainability, and total cost-of-ownership outcomes. Sprout was founded in 2014 and is based in Charlotte, North Carolina.

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Investor(S) 2

Investor

Recognize Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2020
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Recognize Partners is an investment platform focused on building technology services companies. The Firm was formed in 2020 and is headquartered in New York City.


DEAL STATS #
Overall 9 of 10
Sector: Information Technology M&A 7 of 8
Type: Recapitalization M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 TranZact

Fort Lee, New Jersey, United States

TranZact specializes in addressing consumers' insurance needs through our comprehensive direct-to-consumer marketing, sales, servicing, and technology capabilities. TranZact was founded in 1997 and is based in Fort Lee, New Jersey.

Buy $632M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-13 Security Risk Advisors

Philadelphia, Pennsylvania, United States

Security Risk Advisors is a cybersecurity consulting firm specializing in offensive and defensive security analysis and 24×7 cybersecurity operations. Security Risk Advisors was founded in 2010 and is based in Philadelphia, Pennsylvania.

Buy -
DESCRIPTION

New Capital Partners is a private equity firm focused on investing in high-growth companies. The Firm has a preference for Southeast US-based companies looks to acquire and/or partner with businesses and management teams who are seeking to build sustainable companies. Sectors of interest include healthcare services, healthcare IT, financial services, financial technology, and business services. New Capital Partners was established in 2001 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 17 of 17
Sector: Information Technology M&A 4 of 4
Type: Recapitalization M&A Deals 2 of 2
State: North Carolina M&A 2 of 2
Country: United States M&A 16 of 16
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 GeoVera

Fairfield, California, United States

GeoVera is a provider of specialty residential property insurance in markets that are underserved by other insurance carriers due to their exposure to certain perils, such as hurricanes or earthquakes. GeoVera offers specialty homeowners products primarily on a non-admitted, or excess and surplus line, basis in wind-exposed areas in the Southeast United States and Hawaii, and residential earthquake products primarily on an admitted basis in the Western United States. GeoVera was founded in 1993 and is based in Fairfield, California.

Sell -

Seller(S) 1

DESCRIPTION

New Capital Partners is a private equity firm focused on investing in high-growth companies. The Firm has a preference for Southeast US-based companies looks to acquire and/or partner with businesses and management teams who are seeking to build sustainable companies. Sectors of interest include healthcare services, healthcare IT, financial services, financial technology, and business services. New Capital Partners was established in 2001 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 12 of 12
Sector: Information Technology M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 GeoVera

Fairfield, California, United States

GeoVera is a provider of specialty residential property insurance in markets that are underserved by other insurance carriers due to their exposure to certain perils, such as hurricanes or earthquakes. GeoVera offers specialty homeowners products primarily on a non-admitted, or excess and surplus line, basis in wind-exposed areas in the Southeast United States and Hawaii, and residential earthquake products primarily on an admitted basis in the Western United States. GeoVera was founded in 1993 and is based in Fairfield, California.

Sell -