Investment Summary

LLR Partners and FTV Capital Invest In ParkHub

On February 3, 2022, private equity firm LLR Partners and growth capital firm FTV Capital invested in internet software and services company ParkHub

Investment Highlights
  • This is LLR Partners’ 17th and FTV Capital’s 23rd transaction in the Internet Software and Services sector.
  • This is LLR Partners’ 117th and FTV Capital’s 92nd transaction in the United States.
  • This is LLR Partners’ 7th and FTV Capital’s 5th transaction in Texas.

Investment Summary
Date 2022-02-03
Target ParkHub
Sector Internet Software and Services
Investor(s) LLR Partners
FTV Capital
Deal Type Growth Capital
Advisor(s) Houlihan Lokey (Financial)
Foley & Lardner LLP (Legal)

Target

ParkHub

Dallas, Texas, United States
ParkHub is a technology company that provides software and hardware services for the global parking industry. The company's products provide multiple payment options, real-time reporting of parking revenue, support for dynamic pricing, and inventory availability and control. ParkHub was founded in 2010 and is based in Dallas, Texas.

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Investor(S) 2

Investor

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
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 $30 to $150 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 118 of 126
Sector (Internet Software and Services) 17 of 18
Type (Growth Capital) 67 of 71
State (Texas) 7 of 8
Country (United States) 117 of 125
Year (2022) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Mortgage Coach

Corona, California, United States

Mortgage Coach helps lenders convert more leads to borrowers with interactive Total Cost Analysis (TCA) presentations that model the costs and benefits of mortgage loans over time. The company’s technology is used by lenders to compliantly deliver on-brand, consultative lending solutions at scale and improve borrower conversion. Mortgage Coach is based in Corona, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 RapidRatings

New York, New York, United States

RapidRatings is a risk management analytics provider used to understand the financial health of third parties, including suppliers, customers, underwriting counterparties, borrowers, and investors. RapidRatings was founded in 2001 and is based in New York City.

Sell -
Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Management Company, L.P. (FTV Capital) is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.

DEAL STATS #
Overall 113 of 122
Sector (Internet Software and Services) 23 of 23
Type (Growth Capital) 48 of 53
State (Texas) 5 of 5
Country (United States) 92 of 100
Year (2022) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 Gale Healthcare Solutions

Tampa, Florida, United States

Gale Healthcare Solutions offers a technology-based marketplace to address the national nursing shortage. The company is focused on bringing healthcare facilities on-demand workforce solutions for recruiting, credentialing, scheduling, time and attendance, communications, and pay. The mobile and web-based Gale app connects nursing professionals directly to healthcare facilities in need of clinical staff, and provides caregivers with daily pay. It serves healthcare organizations through per diem, travel, and permanent placement contracts in acute and post-acute healthcare settings across 38 states, and through software licensing agreements with healthcare staffing firms. Gale Healthcare Solutions was formed in 2016 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 RapidRatings

New York, New York, United States

RapidRatings is a risk management analytics provider used to understand the financial health of third parties, including suppliers, customers, underwriting counterparties, borrowers, and investors. RapidRatings was founded in 2001 and is based in New York City.

Sell -
Mergr

Product

Company

Legal