Recapitalization • Education

L Squared Capital Partners Acquires Heggerty

On September 29, 2021, private equity firm L Squared Capital Partners acquired education company Heggerty

Acquisition Context
  • This is L Squared Capital Partners’ 2nd transaction in the Education sector.
  • This is L Squared Capital Partners’ 12th transaction in the United States.
  • This is L Squared Capital Partners’ 2nd transaction in Illinois.

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M&A Deal Summary

Date September 29, 2021
Target Heggerty
Sector Education
Buyer(s) L Squared Capital Partners
Deal Type Recapitalization
Advisor(s) Macquarie Capital (Financial)
Reed Smith (Legal)

Target Company

Heggerty

Oak Park, Illinois, United States
Heggerty is an early childhood literacy solutions provider offering a comprehensive suite of phonemic and phonological awareness solutions. Heggerty’s product offering is anchored by its daily systematic phonemic and phonological awareness curriculum delivered in print and digital modalities that are used by more than 250,000 educators spanning from early pre-K to 5th grade. Heggerty was founded in 2003 and is based in Oak Park, Illinois.
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Buyer Overview 1

Buyer
DESCRIPTION

L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $15 to $100 million in revenue. The Firm looks to commit $30 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.


Deal Context for Buyer #
Overall 12 of 17
Sector: Education 2 of 2
Type: Recapitalization 4 of 4
State: Illinois 2 of 3
Country: United States 12 of 17
Year: 2021 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Sterling Trading Tech

Chicago, Illinois, United States

Sterling Trading Tech is a solutions provider for active and professional traders as well as hedge funds and prop trading groups. Sterling provides fast, stable, state-of-the-art products and services to the active trading community. Sterling Trading Tech was established in 2009 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 GWS Tool

Tavares, Florida, United States

GWS Tool is a manufacturer of engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive, and medical sectors. GWS Tool was formed in 2014 and is based in Tavares, Florida.

Sell -