M&A Deal Summary

LenderLive Network Acquires reQuire

On April 16, 2018, LenderLive Network acquired internet software and services company reQuire from L2 Capital Partners and Farragut Capital Partners

Acquisition Highlights
  • This is LenderLive Network’s 1st transaction in the Internet Software and Services sector.
  • This is LenderLive Network’s 3rd transaction in the United States.
  • This is LenderLive Network’s 1st transaction in Virginia.

M&A Deal Summary
Date 2018-04-16
Target reQuire
Sector Internet Software and Services
Buyer(s) LenderLive Network
Sellers(s) L2 Capital Partners
Farragut Capital Partners
Deal Type Add-on Acquisition

Target

reQuire

Virginia Beach, Virginia, United States
reQuire LLC is a provider of an online lien release tracking and reporting service for the real estate settlement services sector. reQuire is based in Virginia Beach, Virginia.

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Buyer(S) 1

Buyer

LenderLive Network

Glendale, Colorado, United States
Category Company
Founded 1999
Sector Business Services
DESCRIPTION

LenderLive is a domestic-based mortgage services provider. Through its five divisions, origination services, conduit services, document services, settlement services and loan servicing, LenderLive offers the people, technology and processes to support its clients’ origination, servicing and loan purchase operations.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Virginia) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Walz Group

Temecula, California, United States

Walz Group is a provider of regulatory compliance solutions, critical document management and USPS® Certified Mail for over 3,000 of the nation's premier financial institutions, mortgage servicers, vehicle finance companies, foreclosure attorneys/trustees, law firms, insurance companies and other highly regulated industries facing stringent and ever-changing compliance requirements.

Buy -

Seller(S) 2

SELLER

L2 Capital Partners

Devon, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

L2 Capital Partners is a lower middle-market private equity firm focused on investing in manufacturing, distribution and service companies. L2 looks to invest up to $20 million per transaction to support shareholder liquidity needs, ownership transitions, or for growth. L2 will consider opportunities throughout North America with generating $10 to $125 million in revenue and up to $20 million of EBITDA. L2 Capital was formed in 2011 and is based in Devon, Pennsylvania.

DEAL STATS #
Overall 4 of 7
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Virginia) 1 of 1
Country (United States) 4 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Orion Talent

Cary, North Carolina, United States

Orion Talent provides skilled talent acquisition, recruitment optimization, and military hiring to businesses nationwide. Orion Talent helps organizations acquire the best talent from around the world. Orion Talent was founded in 1991 and is based in Cary, North Carolina.

Buy -
SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 17 of 25
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 7 of 11
State (Virginia) 3 of 4
Country (United States) 17 of 25
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Statewide Safety Systems

Irvine, California, United States

Statewide Safety Systems is specialized in the design, manufacture, and installation of active and passive traffic control systems that advise motorists, bicyclists, and pedestrians of roadway hazards including interchanges, intersections, and the location of highway-rail grade crossings. Statewide Safety Systems was founded in 1987 and is based in Irvine, California.

Sell -
Mergr

Product

Company

Legal