M&A Deal Summary

L Squared Capital Partners Acquires TeachTown

On July 4, 2024, private equity firm L Squared Capital Partners acquired internet software and services company TeachTown from Bain Capital Double Impact

Acquisition Highlights
  • This is L Squared Capital Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is L Squared Capital Partners’ 16th transaction in the United States.
  • This is L Squared Capital Partners’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2024-07-04
Target TeachTown
Sector Internet Software and Services
Buyer(s) L Squared Capital Partners
Sellers(s) Bain Capital Double Impact
Deal Type Secondary Buyout

Target

TeachTown

Woburn, Massachusetts, United States
TeachTown provides software and solutions for students diagnosed with autism spectrum disorder, intellectual disabilities, and developmental disabilities. TeachTown was formed in 2003 and is based in Woburn, Massachusetts.

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Buyer(S) 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 STATS #
Overall 16 of 16
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 5 of 5
State (Massachusetts) 1 of 1
Country (United States) 16 of 16
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Raptor Scientific

Berlin, Connecticut, United States

Raptor Scientific is a manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Raptor Scientific was founded in 2019 and is based in Berlin, Connecticut.

Sell $655M

Seller(S) 1

DESCRIPTION

Bain Capital Double Impact is the social and wellness investment arm of Bain Capital. The Firm looks to invest in mission-driven companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Massachusetts) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 HealthDrive

Framingham, Massachusetts, United States

HealthDrive is a provider of medical and dental services in over 2,000 facilities, serving more than 200,000 enrolled senior living residents across four practices around the nation. HealthDrive was founded in 1989 and is based in Framingham, Massachusetts.

Sell -