M&A Deal Summary
|Buyer(s)||L Squared Capital Partners|
|Deal Type||Secondary Buyout|
|Advisor(s)||Piper Sandler & Co. (Financial)
Katten Muchin Rosenman LLP (Legal)
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|Category||Private Equity Firm|
|PE ASSETS||550M USD|
L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $10 to $100 million in revenue. The Firm looks to commit $10 to $100 million per transaction and will consider opportunities throughout North America. Sectors of interest include tech-enabled services, industrial technology, and education. L Squared Capital was established in 2014 and is headquartered in Newport Beach, California.
|Overall||9 of 12|
|Sector (Machinery)||1 of 1|
|Type (Secondary Buyout)||2 of 3|
|State (Ohio)||1 of 1|
|Country (United States)||9 of 12|
|Year (2021)||1 of 3|
San Francisco, California, United States
Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy was founded in 2008 and is based in San Francisco, California.
Sterling Trading Tech
Chicago, Illinois, United States
Sterling Trading Tech is a provider of professional trading technology solutions for the global equities, equity options, and futures markets. With over 100 clients including leading brokers, clearing firms, and prop groups in over 20 countries, STT provides solutions tailored to clients’ needs. The company is committed to providing fast, stable technology along with outstanding customer service. It provides trading platforms, OMS, and risk products to its clients. Sterling Trading Tech was formed in 2001 and is based in Chicago, Illinois.
|Category||Private Equity Firm|
|PE ASSETS||1.3B USD|
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
|Overall||34 of 38|
|Sector (Machinery)||6 of 6|
|Type (Secondary Buyout)||14 of 16|
|State (Ohio)||7 of 8|
|Country (United States)||34 of 38|
|Year (2021)||1 of 1|
Reading, Pennsylvania, United States
Omega Systems is a managed service provider (MSP) and managed security service provider (MSSP) to mid-market organizations in the financial services, government, manufacturing, professional services, and education industries. Omega Systems is based in Reading, Pennsylvania.
New England Electrical
Kingston, Massachusetts, United States
New England Electrical is an independent provider of electrical services serving the telecommunications, electric vehicle charging, and utility markets. New England Electrical is headquartered in Kingston, Massachusetts.