Press Release
L Capital Completes First Closing for its Fund III, Bringing Total Capital Under Management to Over $115 Million
November 3, 2022
San Francisco, California | October 31, 2022 L Capital recently completed the first closing of its third flagship private equity fund, L Capital III LP (“Fund III”) with total capital commitments of $36 million. The Firm expects to reach their $100 million Fund III target and complete a final closing in 2023...
L Capital Announces Investment in Peltram Plumbing Holdings Alongside Stellex Capital Management
February 3, 2022
New York, New York | January 2022 L Capital Fund II LP has made an investment in Peltram Plumbing Holdings, a leading plumbing and industrial services platform, alongside lead sponsor, Stellex Capital Management. Stellex has acquired P3 in partnership with the existing management team from an investor group led by...
Ontario Teachers’ Announces Agreement to Acquire Majority Stake in Vantage Elevator Solutions
February 3, 2022
Bronx, New York | October 2021 Ontario Teachers' Pension Plan Board ("Ontario Teachers'"), today announced an agreement to acquire a majority stake in Vantage Elevator Solutions ("Vantage"), a leading North American designer, manufacturer and distributor of elevator components and systems. As part of the...
L Capital Announces Investment in Mistplay Alongside GrowthCurve Capital
February 3, 2022
Montreal, Quebec | December 2021 L Capital Fund II LP has made an investment in Mistplay (“Mistplay” or the “Company”), a leading play-to-earn and game discovery platform for mobile games alongside GrowthCurve Capital ("GrowthCurve") in support of the Company's next phase of growth. This partnership marks a...
Informatica Announces Pricing for IPO
February 3, 2022
Redwood City, California | October 2021 Informatica, an enterprise cloud data management leader, today announced the pricing of its initial public offering of 29,000,000 shares of its Class A common stock at a public offering price of $29.00 per share. The shares are expected to begin trading on the New York Stock...
Probe Group to be Acquired by KRR
February 3, 2022
Melbourne, Australia | October 2021 Quadrant Private Equity, Five V Capital, Rodney Kagan, L Capital and other shareholders of Probe CX (“Probe” or the “Company”) today announced they have entered into an agreement under which KKR will acquire a majority stake in Probe alongside existing management. The...
L Capital Announces Investment in Orbcomm Alongside GI Partners
February 3, 2022
Rochelle Park, New Jersey | September 2021 L Capital Fund II LP has made an investment in ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, alongside GI Partners. The investment is part of an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the...
L Capital Exits Portfolio Company xMatters to Everbridge
April 7, 2021
BURLINGTON, Mass, April 06, 2021 - Everbridge, Inc. (NASDAQ: EVBG) and xMatters today announced that the two companies have signed a definitive agreement for Everbridge to acquire xMatters for a purchase price of approximately $240 million in cash and stock, pending regulatory review and other customary...
L Capital Exits Portfolio Company Ascender to Ceridian
February 1, 2021
SYDNEY, AUSTRALIA, FEBRUARY 1, 2021 - L Capital Fund I portfolio company Ascender, a leading payroll and HR solutions provider in Asia Pacific, has announced it has entered into a definitive agreement to be acquired by Ceridian (NYSE:CDAY; TSX: CDAY), a global HCM technology and services company. Ascender will broaden...
L Capital Fund II Invests in Mirakl Alongside Permira
January 7, 2021
PARIS, FRANCE, DECEMBER 2020 L Capital Fund II has made a growth equity investment in Mirakl, a European eCommerce marketplace SaaS platform, alongside Permira, a leading private equity fund out of Europe with €44B in AUM. L Capital has previously invested with Permira in previous portfolio companies: Klarna,...