Investment Summary

Lovell Minnick Partners Invests In Net at Work

On September 19, 2023, private equity firm Lovell Minnick Partners invested in information technology company Net at Work

Investment Highlights
  • This is Lovell Minnick Partners’ 3rd transaction in the Information Technology sector.
  • This is Lovell Minnick Partners’ 48th transaction in the United States.
  • This is Lovell Minnick Partners’ 5th transaction in New York.

Investment Summary
Date 2023-09-19
Target Net at Work
Sector Information Technology
Investor(s) Lovell Minnick Partners
Deal Type Growth Capital
Advisor(s) Katten Muchin Rosenman (Legal)

Target

Net at Work

New York City, New York, United States
Net at Work is a managed IT services provider with expertise in managing mission critical software applications, IT services, and cloud hosting requirements for small to medium businesses across a diverse set of industries. The Company provides a range of IT solutions across five main categories ERP / Accounting, CRM / Marketing, HR Solutions, IT Managed Services and Cloud Services. Net at Work was founded in 1996 and is based in New York City, New York.

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Investor(S) 1

Investor

Lovell Minnick Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 53 of 55
Sector (Information Technology) 3 of 3
Type (Growth Capital) 14 of 14
State (New York) 5 of 5
Country (United States) 48 of 50
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Definiti

Houston, Texas, United States

Definiti is a provider of retirement services that help companies and their employees maximize their savings. Definiti helps organizations deliver smart retirement solutions to their employees. With hundreds of experts across the country, including in-house actuarial consultants, ERISA attorneys, document specialists and retirement plan consultants, Definiti helps clients redefine what’s possible with workplace retirement plans. Definiti is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 S&S Health

Mason, Ohio, United States

S&S Health is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs. S&S Health was founded in 1994 and is based in Mason, Ohio.

Buy -
Mergr

Product

Company

Legal