Investment Summary

LNC Partners Invests In CrossLink Professional Tax Solutions

On February 27, 2018, private equity firm LNC Partners invested in software company CrossLink Professional Tax Solutions

Investment Highlights
  • This is LNC Partners’ 1st transaction in the Software sector.
  • This is LNC Partners’ 32nd transaction in the United States.
  • This is LNC Partners’ 1st transaction in Florida.

Investment Summary
Date 2018-02-27
Target CrossLink Professional Tax Solutions
Sector Software
Investor(s) LNC Partners
Deal Type Growth Capital

Target

CrossLink Professional Tax Solutions

Orlando, Florida, United States
CrossLink Professional Tax Solutions is a provider of software to professional tax preparers across the United States, generating revenue from software sales as well as ancillary fees for managing tax related bank products. CrossLink Professional Tax Solutions is based in Orlando, Florida.

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Investor(S) 1

Investor

LNC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.

DEAL STATS #
Overall 32 of 44
Sector (Software) 1 of 2
Type (Growth Capital) 11 of 20
State (Florida) 1 of 3
Country (United States) 32 of 44
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 OutSolve

Metairie, Louisiana, United States

OutSolve is a provider of comprehensive affirmative action planning and compliance solutions to help federal contractors meet the full requirements of Executive Order 11246, The Vietnam Era Veteran Readjustment Assistance Act, and Section 503 of the Rehabilitation Act of 1973, among other regulations. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 West Physics

Atlanta, Georgia, United States

West Physics is a national provider of medical and health physics consulting and testing services, primarily providing testing and other services that allow its customers to comply with ACR, IAC, and Joint Commission accreditation standards for medical imaging equipment. West Physics is based in Atlanta, Georgia.

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Mergr

Product

Company

Legal