NCP exits Repay


New Capital Partners has sold Atlanta-based Repay, a provider of electronic transaction processing services for merchants. The buyer was not named. No financial terms were disclosed. William Blair served as financial adviser to Repay and New Capital Partners on the transaction.

PRESS RELEASE

Atlanta, GA and Birmingham, AL, September 13, 2016/PRNewswire/ – New Capital Partners (NCP), a private equity firm focused on healthcare and financial services, today announced the sale of REPAY -Realtime Electronic Payments (REPAY), a leading integrated payments company. No financial terms were disclosed.

Founded in 2006 and based in Atlanta, Georgia, REPAY is a full-service provider of electronic transaction processing services for merchants, offering an integrated technology platform which delivers innovative payment solutions for credit and debit cards and ACH. REPAY provides multiple payment channels via its Electronic Bill Payment and Presentment platform including IVR, Text Pay and Mobile app. The company currently processes for more than 8,000 merchant locations across all product lines. REPAY is one of the fastest growing companies in the United States and has appeared on the Inc. 5000 list six consecutive years.

New Capital Partners acquired a majority interest in REPAY in 2013 and worked with the management team to add key talent to their team and help accelerate growth. New Capital Partners’ Managing Partner, James Outland, stated “New Capital Partners was honored to partner with John Morris and Shaler Alias, the founders and leaders of REPAY. We have enjoyed working together and know they will continue to have exceptional success in the future.”

REPAY CEO John Morris added, “REPAY has been fortunate to be able to choose our private equity partners, and we appreciate the relationship with New Capital Partners and the value they brought to REPAY. We look forward to our new partnership.”

William Blair acted as financial advisor to REPAY and New Capital Partners in this transaction.

Transaction terms were not disclosed.

About Realtime Electronic Payments, LLC
REPAY is a full-service provider of electronic transaction processing services for merchants, offering an integrated technology platform which delivers innovative payment solutions for credit and debit cards and ACH. REPAY provides multiple payment channels via its Electronic Bill Payment and Presentment platform including IVR, Text Pay and Mobile app. The company currently processes for more than 8,000 merchant locations across all product lines. REPAY is one of the fastest growing companies in the United States.

About New Capital Partners
New Capital Partners is focused on building great companies by investing in high growth businesses and partnering with management teams in the healthcare, financial services, and business services industries. New Capital Partners is headquartered in Birmingham, Alabama and has an office in Dallas, Texas

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