Investment Summary

L Squared Capital Partners Invests In Foundant Technologies

On February 15, 2023, private equity firm L Squared Capital Partners invested in software company Foundant Technologies

Investment Highlights
  • This is L Squared Capital Partners’ 1st transaction in the Software sector.
  • This is L Squared Capital Partners’ 13th transaction in the United States.
  • This is L Squared Capital Partners’ 1st transaction in Montana.

Investment Summary
Date 2023-02-15
Target Foundant Technologies
Sector Software
Investor(s) L Squared Capital Partners
Deal Type Growth Capital
Advisor(s) William Blair (Financial)
Dorsey & Whitney (Legal)

Target

Foundant Technologies

Bozeman, Montana, United States
Foundant Technologies is a provider of mission-critical software solutions for the philanthropic sector. The company provides a suite of purpose-built, comprehensive software solutions that allow philanthropists to simplify their daily operations and have a greater impact on their communities. Foundant Technologies was founded in 2006 and is based in Bozeman, Montana.

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Investor(S) 1

Investor

L Squared Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
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 13 of 16
Sector (Software) 1 of 1
Type (Growth Capital) 3 of 4
State (Montana) 1 of 1
Country (United States) 13 of 16
Year (2023) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 SUCCESS Computer Consulting

Golden Valley, Minnesota, United States

SUCCESS Computer Consulting is a provider of IT and security services for small and medium-sized businesses, offering mission-critical managed technology services to support and enable their customers’ optimal performance. SUCCESS Computer Consulting was founded in 1992 and is based in Golden Valley, Minnesota.

Buy -
Mergr

Product

Company

Legal