M&A Deal Summary

PSG and L Squared Capital Partners Acquire Lumaverse

On July 10, 2017, growth capital firm PSG and private equity firm L Squared Capital Partners acquired internet software and services company Lumaverse

Acquisition Highlights
  • This is PSG’s 4th and L Squared Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is PSG’s 9th and L Squared Capital Partners’ 4th transaction in the United States.
  • This is PSG’s 1st and L Squared Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-07-10
Target Lumaverse
Sector Internet Software and Services
Buyer(s) PSG
L Squared Capital Partners
Deal Type Consolidation

Target

Lumaverse

Charlotte, North Carolina, United States
Lumaverse is a platform joining companies that solve group management challenges for nonprofits and K-12 schools. The company lights the way to increased engagement, data-driven insights and streamlined group management that lets organizations spend less time organizing spreadsheets and checklists and more time building lasting connections with their communities. Lumaverse is based in Charlotte, North Carolina.

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Buyer(S) 2

Buyer

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 9 of 108
Sector (Internet Software and Services) 4 of 47
Type (Consolidation) 1 of 4
State (North Carolina) 1 of 4
Country (United States) 9 of 74
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Conversica

San Mateo, California, United States

Conversica is a provider in conversational AI for business and the only provider of AI-driven lead engagement software for marketing and sales organizations. Conversica was founded in 2007 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Ironscales

Atlanta, Georgia, United States

Ironscales is an email security company focused on fighting back against today’s modern phishing attacks. Our self-learning, AI-driven platform continuously detects and remediates advanced threats like Business Email Compromise (BEC), credential harvesting, Account Takeover (ATO), and more. Ironscales was founded in 2014 and is based in Atlanta, Georgia.

Buy -
Buyer

L Squared Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $15 to $100 million in revenue. The Firm looks to commit $30 to $100 million per transaction and will consider opportunities throughout North America. Sectors of interest include tech-enabled services, industrial technology, and education. L Squared Capital was established in 2014 and is headquartered in Newport Beach, California.

DEAL STATS #
Overall 4 of 17
Sector (Internet Software and Services) 1 of 2
Type (Consolidation) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 4 of 17
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Elevated Facility Services Group

Tampa, Florida, United States

Elevated Facility Services Group is a provider of elevator maintenance, repair, and modernization services across all major brands of equipment. Oracle Elevator currently operates 22 branch locations across 13 states. Elevated Facility Services Group is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 GSI Group Holdings

Irvine, California, United States

GSI Group Holdings is a provider of microscopes and related accessories sold mostly online to a diverse range of end markets including the education sector, life sciences and other scientific research fields, and various industrial inspection applications. GSI Group Holdings was founded in 1996 and is based in Irvine, California.

Buy -
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