News

Newport Beach, CA, September 23, 2020 – In just six years from its founding, L Squared Capital Partners (“L Squared” or the “Firm”) has exceeded $1 billion in assets under management, with the closing of L Squared Capital Partners III at just over $500 million. The Firm’s family office friendly structure has hit a chord with large US-based family offices which have supported the Firm and led to an oversubscribed offering for L Squared Capital Partners III LLC (“Fund III”). The effort, completed in the middle of the Covid-19 pandemic, was largely driven by the Firm’s existing investors, however, L
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Newport Beach, CA, February 4, 2020 – L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has closed two add-on acquisitions in the first few months since L Squared’s investment in the GWS platform in September 2019.  These two transactions follow the three acquisitions previously announced by GWS.  All five acquired companies provide high performance, custom consumable tooling solutions, serving the aerospace and defense, power generation, automotive and medical sectors. Specifically, we are excited to announce the acquisitions of Intrepid Tool Industries and North American Tool Corporation, both of which
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Newport Beach, CA, December 19, 2019 – L Squared Capital Partners is pleased to announce that its portfolio company, FineLine Technologies Inc., has acquired Consolidated Printing Inc. (“CPI”), a leading provider of printed tickets for professional and collegiate sporting events and major entertainment and event venues throughout the United States. CPI represents FineLine’s fifth acquisition since L Squared’s investment in November 2016. This acquisition marks FineLine’s strategic entry into event management, an industry in which the Company can leverage its advanced data management and RFID capabilities to improve complex ticketing processes. Event management is a core piece of the Company’s
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Newport Beach, CA, November 19, 2019 – Oracle Elevator is pleased to announce its acquisition of Duncan Entrance Systems. Based in South Florida, Duncan Entrance Systems provides automatic door installation, repair and modernization services. This strategic acquisition will now expand Oracle’s service range beyond elevators and escalators and into automated building entrances. This combination will be offered to airports, hospital, universities, and hotels. The acquisition represents Oracle’s 31st acquisition since 2004. Justin Duncan, founder and CEO of Duncan Entrance Systems, had this to say about the acquisition: “I began my career in the elevator industry by working for several OEM’s after serving in
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Newport Beach, CA, September 18, 2019 – L Squared Capital Partners (“L Squared”) and GWS Tool Group (“GWS” or the “Company”) today announced that L Squared has partnered with GWS management to recapitalize the Company.  Financial terms of the transaction were not disclosed. GWS represents L Squared’s tenth platform investment over the last five years.  GWS is a leading provider of high performance consumable cutting tools.  L Squared’s investment provides a long-term capital base to support the Company’s ongoing and rapid evolution. “We are thrilled to partner with the L Squared team to support the continued development of GWS as
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Newport Beach, CA, September 10, 2019 –  L Squared Capital Partners (“L Squared”) is pleased to announce that it has committed $60 million of equity to Raptor Scientific, LLC (“Raptor Scientific” or the “Company”) to pursue an aggressive M&A strategy consolidating the highly fragmented Aerospace & Defense focused testing and measurement market.  Raptor Scientific represents L Squared’s ninth platform investment over the last five years. Raptor Scientific’s first acquisition of Space Electronics brings the leading player of mass properties and electronic circuit tester solutions into the portfolio.  These precision measurement solutions are used by Aerospace & Defense OEMs and research
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Newport Beach, CA, May 13, 2019 – L Squared Capital Partners (“L Squared”) has successfully sold its equity interests in Virtium (the “Company”) to Court Square Capital Partners (“Court Square”).  The sale of Virtium represents the third exit for L Squared in the last twelve months.  Founded in 1997 and based in Rancho Santa Margarita, CA, Virtium is a leading solutions provider of customized, ruggedized, and highly engineered industrial grade embedded solid state drive (“SSD”) and memory products.  Virtium’s intelligent networked storage, SSD and memory solutions provide the robust performance, reliability and functionality needed in the most critical industrial IoT (“IIoT”) applications.
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Newport Beach, CA, October 23, 2018 – L Squared Capital Partners announced today that it has sold its ownership interests in Edlio to LLR Partners.  Headquartered in Los Angeles, CA, Edlio is a leading provider of cloud-based software and solutions to the K-12 market. Edlio provides a best-in-class constituent engagement SaaS platform to create and manage Content Management Systems (CMS) for private, public, and charter schools.  The platform manages all aspects of a school’s digital presence and facilitates communication between administrators, teachers, parents, and students. Under L Squared’s ownership, Edlio completed two strategic acquisitions, doubled recurring revenue, opened several offices
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Newport Beach, CA, October 17, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, Learners Edge, has acquired the Teaching Channel, a subscription-based software platform where teachers can watch, share, and learn new techniques to improve student learning. Used in schools and districts across the country, the Teaching Channel allows teachers to personally direct their self-evaluation and ongoing learning; building their confidence in classroom instruction and boosting their joy of teaching and learning. “We are excited to add the Teaching Channel to the Learners Edge platform,” said Jeff Farrero, L Squared Managing Partner and Learners
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Newport Beach, CA, August 22, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, FineLine Technologies Inc., has acquired Traderplus, a Durban, South Africa-based service bureau provider of barcode tags and labels. This merger leverages the two service bureau providers’ geographical reach and production capabilities. While FineLine offers 36-hour turn times to primarily North American and European retailers, Traderplus serves South Africa, Australia and China, as well as European markets, with quick turn production. Traderplus represents FineLine’s fourth acquisition since L Squared’s investment in November 2016. “We look forward to enhancing our product and service
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Newport Beach, CA, August 1, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, Virtium, has appointed Steve Litchfield to its Board of Directors. As the former the executive vice president and chief strategy officer of Microsemi Corporation, Litchfield’s experience sourcing and integrating strategic acquisitions will help Virtium expand its acquisition efforts. Virtium has experienced rapid growth, more than doubling topline revenue since L Squared invested three years ago and will now augment its strong organic growth with a more robust mergers-and-acquisitions (M&A) effort.  Through acquisitions, the company is seeking to add new product offerings
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Newport Beach, CA, June 7, 2018 – L Squared Capital Partners is pleased to announce a growth investment in Kanopy, which represents L Squared’s eighth platform investment over the past four years.  Headquartered in San Francisco, Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy has emerged as the leading destination for thoughtful educational entertainment with content ranging from award-winning independent films and documentaries to cinematic classics to engaging lifelong learning course modules. Kanopy’s CEO & Founder
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Newport Beach, CA, June 26, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, United Scope, has acquired Euromex Optics Group, a Netherlands-based provider of optical microscopes, optical components and related accessories.  The transaction was both sourced and led by L Squared and represents another example of L Squared’s ability to complete accretive acquisitions across its portfolio companies.  L Squared continues to actively seek additional add-ons for United Scope serving the microscopy, lab accessories and related optical component markets. Euromex Optics Group has
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Newport Beach, CA. – May 15, 2018 – L Squared Capital Partners (“L Squared”) is pleased to announce that it has closed on the sale of Teaching Strategies.  Teaching Strategies is the leading provider of early childhood educational resources, including curriculum and web-based assessment products. Teaching Strategies was L Squared’s first platform investment, made in October 2014.  L Squared oversaw a variety of initiatives during its ownership period including the selection of an entirely new senior management team, the acquisition and integration of a key add-on investment, introducing a number of successful new products, and a major expansion of the sales
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Newport Beach, CA, July 11, 2018 – Learners Edge, a portfolio company of L Squared Capital Partners, has acquired iteach, a nationally accredited provider of alternative educator certification.  The iteach program innovated online educator curriculum and helped more than 12,000 individuals get rewarding jobs as educators.  Both Learners Edge and iteach were built by teachers, for teachers, and will continue to create remarkable and relevant experiences that inspire future and current educators nationwide. “We are thrilled about our partnership with iteach,” said Jeff Farrero, L Squared Managing Partner.  “The merger will create large opportunities for Learners Edge to provide its award-winning continuing education
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