Investment Summary

LLR Partners Invests In Phreesia

On October 23, 2014, private equity firm LLR Partners invested in information technology company Phreesia

Investment Highlights
  • This is LLR Partners’ 11th transaction in the Information Technology sector.
  • This is LLR Partners’ 59th transaction in the United States.
  • This is LLR Partners’ 1st transaction in Delaware.
Investment Fate
  • Phreesia went public in 2019.

Investment Summary

Date 2014-10-23
Target Phreesia
Sector Information Technology
Investor(s) LLR Partners
Deal Type Growth Capital
Advisor(s) Baird (Financial)
Goodwin Procter (Legal)

Target

Phreesia

Wilmington, Delaware, United States
Phreesia is a provider of point-of-service platform, which includes electronic payment applications, clinical and administrative data collection, and consent form management, helps healthcare organizations automate front-office workflow and drive tangible bottom-line results. Phreesia was founded in 2005 and is based in Wilmington, Delaware.

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Investor(S) 1

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 60 of 129
Sector: Information Technology M&A 11 of 28
Type: Growth Capital M&A Deals 31 of 73
State: Delaware M&A 1 of 1
Country: United States M&A 59 of 128
Year: 2014 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 Relias Learning

Boca Raton, Florida, United States

Relias Learning LLC is a provider of verticalized e-learning solutions through SaaS-based software and related course content. The solutions enable organizations to remain in compliance with regulatory and accreditation requirements and offer continuing education solutions to current employees. Relias Learning was founded in 2012 and is based in Boca Raton, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-01 VersionOne

Alpharetta, Georgia, United States

VersionOne, Inc. is a agile project management, offers an all-in-one software solution for agile lifecycle, collaboration, quality, business intelligence and portfolio management that simplifies enterprise-scale software planning and tracking. More than 1,000 companies, including 33 of the Fortune 100, use our solutions to help scale their Agile and DevOps initiatives faster, easier, and smarter. Whether a small team just getting started with Agile and DevOps to global enterprises scaling agility across their software lifecycle, VersionOne customers get the best solutions in the industry backed by the pioneers in Agile ALM.

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