Investment Summary

LLR Partners and GCP Capital Partners Invest In Geoforce

On December 17, 2019, private equity firm LLR Partners and merchant bank GCP Capital Partners invested in internet software and services company Geoforce

Investment Highlights
  • This is LLR Partners’ 10th and GCP Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is LLR Partners’ 96th and GCP Capital Partners’ 37th transaction in the United States.
  • This is LLR Partners’ 3rd and GCP Capital Partners’ 8th transaction in Texas.

Investment Summary
Date 2019-12-17
Target Geoforce
Sector Internet Software and Services
Investor(s) LLR Partners
GCP Capital Partners
Deal Type Growth Capital
Advisor(s) Vaquero Capital, Inc. (Financial)

Target

Geoforce

Plano, Texas, United States
website
Geoforce is a cloud-based software platform that delivers a unified view of multiple asset types, including non-powered equipment, powered equipment and vehicles, through ruggedized satellite and cellular-based GPS devices. Geoforce was founded in 2007 and is based in Plano, Texas.

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Investor(S) 2

Investor

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 97 of 117
Sector (Internet Software and Services) 10 of 16
Type (Growth Capital) 53 of 64
State (Texas) 3 of 7
Country (United States) 96 of 116
Year (2019) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Suvoda

Conshohocken, Pennsylvania, United States

Suvoda is a SaaS company, focused on transforming clinical trials using the power of technology. Suvoda's Interactive Response Technology (IRT) system solves complex patient randomization and clinical trial supply chain challenges, so that customers have peace of mind to focus on their patients. Suvoda IRT sets clinical trials up for success by offering a vast array of configurable and customizable features, powerful reporting, and advanced functionality built to support complex and innovative study designs. Suvoda was formed in 2012 and is based in Conshohocken, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-29 TrueLearn

Mooresville, North Carolina, United States

TrueLearn is a SaaS-based educational company that provides test preparation software for high-stakes standardized exams in various fields of medicine. TrueLearn is based in Mooresville, North Carolina.

Buy -
Investor

GCP Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Merchant Bank
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $5 to $40 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.

DEAL STATS #
Overall 39 of 42
Sector (Internet Software and Services) 1 of 1
Type (Growth Capital) 9 of 9
State (Texas) 8 of 9
Country (United States) 37 of 40
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Tresata

Charlotte, North Carolina, United States

Tresata is a predictive analytics platform for understanding and monetizing people, process, product behaviors with a singular goal – to use data to enrich lifeTM. The company monetizes big data with smart software to crunch all internal data and all (rapidly exploding) social data at the intersection of which lies value that delivers an unfair competitive advantage. Tresata was formed in 2011 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Radius Bancorp

Boston, Massachusetts, United States

Radius Bank is a community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle-market businesses, unions, government entities, and non-profit organizations as its core clients. Radius Bancorp is based in Boston, Massachusetts.

Sell $185M
Mergr

Product

Company

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