M&A Deal Summary

LLR Partners Acquires Celero

On December 3, 2018, private equity firm LLR Partners acquired information technology company Celero

Acquisition Highlights
  • This is LLR Partners’ 19th transaction in the Information Technology sector.
  • This is LLR Partners’ 85th transaction in the United States.
  • This is LLR Partners’ 4th transaction in Tennessee.

M&A Deal Summary
Date 2018-12-03
Target Celero
Sector Information Technology
Buyer(s) LLR Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Celero

Nashville, Tennessee, United States
website
Celero is a full-service, integrated electronic commerce solutions provider powered by edge technology, strategic partnerships, and business intelligence. Celero offers payment processing services, business management software, and data intelligence to small and medium-sized businesses, empowering them to drive growth and profitability. Celero is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $15 to $100 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 86 of 117
Sector (Information Technology) 19 of 26
Type (Buyout (LBO, MBO, MBI)) 17 of 17
State (Tennessee) 4 of 4
Country (United States) 85 of 116
Year (2018) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Ultimus Fund Solutions

Cincinnati, Ohio, United States

Ultimus Fund Solutions is an independent provider of fund accounting, fund administration, distribution, transfer agent and shareholder services to the mutual fund industry. The company's broad range of services is offered to both open-end and closed-end funds. Ultimus Fund Solutions is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Orbis Education Services

Carmel, Indiana, United States

Orbis Education Services LLC is a healthcare education services provider striving to alleviate nursing workforce shortages through programs focused on academic quality and student preparedness. The company marries online education with onsite clinical application to create collaborative, customized solutions that help colleges, universities and healthcare systems expand their nursing programs.

Sell $363M
Mergr

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