Madison Parker Capital has sold one of its portfolio companies, beRecruited, to The Raine Group, a private equity firm headquartered in New York City. Madison Parker Capital acquired beRecruited from its founders in 2007. Financial terms of the deal were not disclosed.
Madison Parker Capital, a private equity firm focused on both the lower middle market as well as high growth platforms, is pleased to announce it has successfully sold one of its portfolio companies, beRecruited, to The Raine Group, a private equity firm headquartered in New York City. Madison Parker Capital acquired beRecruited from its founders in 2007. Financial terms of the deal were not disclosed.
“We are very pleased with the sale of beRecruited and are confident that the Company will continue its impressive growth rate under Raine’s leadership,” said Brent Brown, a Managing Partner of Madison Parker Capital. “This sale represents an exceptional return for our partners, and we are grateful to our CEO, Vishwas Prabhakara, and the entire beRecruited team for their hard work and dedication.”
Madison Parker Capital was recently selected by M&A Advisor as a finalist for Private Equity Firm of the Year. The firm has had three successful exits within the past twelve months, producing average realized returns since inception of approximately 6.5 times partners’ invested capital. Mr. Brown added, “What success we’ve had at Madison Parker Capital, we owe to the support of those that have believed in us. I want to take time to say a very special thank you to all my friends and partners in each one of the investments we have exited in 2013”.
beRecruited is the nation’s No. 1 online networking destination for high school student-athletes seeking recruitment from college coaches and universities. beRecruited allows high school student athletes to build profiles of verified academic and athletic information, research information on universities from around the country, and reach out to college coaches. Registered college coaches can search a vast database of potential recruits and directly connect with these recruits.
About Madison Parker Capital
Madison Parker Capital is a Menlo Park based investment firm focused exclusively on partnership-oriented investments in lower middle market companies. Madison Parker works with existing management teams, as well as experienced executives, to sponsor minority and majority recapitalizations, growth and consolidation transactions in a wide range of industries including business services, software, industrial/manufacturing, digital media/publishing and consumer/retail. Madison Parker targets companies with operating profits between $1 million and $10 million, with investment sizes ranging from $3 million to $30 million.