Investment Summary

Recognize Partners and Stellus Capital Management Invest In 2X

On June 14, 2023, growth capital firm Recognize Partners and private equity firm Stellus Capital Management invested in marketing company 2X

Investment Highlights
  • This is Recognize Partners’ 1st and Stellus Capital Management’s 8th transaction in the Marketing sector.
  • This is Recognize Partners’ 5th and Stellus Capital Management’s 56th transaction in the United States.
  • This is Recognize Partners’ 1st and Stellus Capital Management’s 4th transaction in Pennsylvania.

Investment Summary

Date 2023-06-14
Target 2X
Sector Marketing
Investor(s) Recognize Partners
Stellus Capital Management
Deal Type Growth Capital

Target

2X

Malvern, Pennsylvania, United States
2X is a provider of B2B Marketing-as-a-Service (MaaS), offering subscription-based marketing strategy, demand generation, creative, and operations support to enterprise clients. The company helps organizations scale marketing performance efficiently through a global delivery model. 2X was founded in 2017 and is based in Malvern, Pennsylvania.

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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 6 of 10
Sector: Marketing M&A 1 of 2
Type: Growth Capital M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 2
Country: United States M&A 5 of 9
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Blend360

Columbia, Maryland, United States

Blend360 is a provider of services in data science and talent solutions. Blend360 was founded in 2016 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Torc

Boston, Massachusetts, United States

Torc is a nearshore intelligent talent network connecting remote developers with jobs, provides career growth opportunities for its community, and a secure, AI-driven talent sourcing experience for companies. The company's emphasis on performance, productivity, and upskilling makes it the preferred platform for on-demand technical talent and the companies that need to hire them. Torc is based in Boston, Massachusetts.

Sell -
Investor

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 57 of 86
Sector: Marketing M&A 8 of 10
Type: Growth Capital M&A Deals 13 of 24
State: Pennsylvania M&A 4 of 4
Country: United States M&A 56 of 83
Year: 2023 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-17 Rhythmlink

Columbia, South Carolina, United States

Rhythmlink designs, manufactures, and distributes single-use medical electrodes and neurodiagnostic solutions. The company also provides custom packaging, private labeling, and tailored products for hospitals, medical centers, and service providers. Rhythmlink was founded in 2002 and is based in Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Craftable

Menlo Park, California, United States

Craftable is a technology platform provider that connects purchasing, recipes, inventory, sales, accounting, and analytics to create operator success in the hospitality, food, beverage, and entertainment industries. Craftable was formed in 2015 and is based in Menlo Park, California.

Buy -