Investment Summary

LLR Partners Invests In TrustEngine

On January 25, 2022, private equity firm LLR Partners invested in software company TrustEngine

Investment Highlights
  • This is LLR Partners’ 24th transaction in the Software sector.
  • This is LLR Partners’ 117th transaction in the United States.
  • This is LLR Partners’ 1st transaction in District of Columbia.

Investment Summary

Date 2022-01-25
Target TrustEngine
Sector Software
Investor(s) LLR Partners
Deal Type Growth Capital
Advisor(s) Canaccord Genuity (Financial)

Target

TrustEngine

Washington, District of Columbia, United States
TrustEngine provides innovative solutions to independent mortgage companies, credit unions, banks and brokers. TrustEngine's Borrower Intelligence Platform solution helps to unlock additional loan opportunities, increase conversion and strengthen customer loyalty through individualized, data-driven engagement and education. TrustEngine is based in Washington, District of Columbia.

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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 118 of 129
Sector: Software M&A 24 of 26
Type: Growth Capital M&A Deals 67 of 73
State: District of Columbia M&A 1 of 1
Country: United States M&A 117 of 128
Year: 2022 M&A 4 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
2022-02-03 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.

Buy -