Investment Summary

LLR Partners and FTV Capital Invest In JustPark

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

Investment Highlights
  • This is LLR Partners’ 17th and FTV Capital’s 26th transaction in the Internet Software and Services sector.
  • This is LLR Partners’ 118th and FTV Capital’s 94th transaction in the United States.
  • This is LLR Partners’ 8th and FTV Capital’s 5th transaction in Texas.

Investment Summary

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

Target

JustPark

Dallas, Texas, United States
JustPark 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. JustPark 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 119 of 129
Sector: Internet Software and Services M&A 17 of 19
Type: Growth Capital M&A Deals 68 of 73
State: Texas M&A 8 of 9
Country: United States M&A 118 of 128
Year: 2022 M&A 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 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 117 of 133
Sector: Internet Software and Services M&A 26 of 29
Type: Growth Capital M&A Deals 48 of 58
State: Texas M&A 5 of 6
Country: United States M&A 94 of 105
Year: 2022 M&A 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. 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 -