M&A Deal Summary

Great Elm Acquires Lenders Funding

On September 20, 2021, Great Elm acquired financial services company Lenders Funding for 7M USD

Acquisition Highlights
  • This is Great Elm’s 1st transaction in the Financial Services sector.
  • This is Great Elm’s 2nd largest (disclosed) transaction.
  • This is Great Elm’s 1st transaction in the United States.
  • This is Great Elm’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-09-20
Target Lenders Funding
Sector Financial Services
Buyer(s) Great Elm
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Lenders Funding

Williamsburg, Virginia, United States
Lenders Funding is a private funding and risk-sharing source for factors and asset-based lenders. Lenders Funding purchases participations in factoring and asset-based lending transactions as well as provide working capital to customers under a variety of lending programs. Lenders Funding was founded in 2000 and is based in Williamsburg, Virginia.

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Buyer(S) 1

Buyer

Great Elm

Waltham, Massachusetts, United States
Category Company
Founded 1994
Sector Software
Employees328
DESCRIPTION

Great Elm is a provider of software solutions for the communications and media industries. EGreat Elm was founded in 1994 and is based in Waltham, Massachusetts

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-30 Openwave Messaging

Redwood City, California, United States

Openwave Messaging, Inc. is a provider of core e-mail and voicemail software solutions to major telecommunications service providers, mobile operators and cable operators.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Sterling Commercial Credit

Brighton, Michigan, United States

Sterling Commercial Credit is a provider of asset-based loans to middle-market companies throughout the United States. Sterling Commercial Credit was founded in 2004 and is based in Brighton, Michigan.

Buy $8M
Mergr

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