LLR Partners has closed its
third investment fund, giving it $800 million in new firepower for the middle market, which remains the sweet spot for private equity dealmaking.
The new fund, LLR Equity Partners III, gives the Philadelphia firm $1.4 billion in
capital under management to buy companies in the financial services,
healthcare, information technology, software, business and consumer services
industries. The firm will invest up to $75 million in any single deal.
Recent investments include the acquisition of rubber products
distributor Singer Equities Inc. for an undisclosed amount; the $29
million purchase of BrightHeart Veterinary Centers; and a $50 million
deal for EKR Therapeutics Inc.; as well as the sale of portfolio company
Gestalt LLC to Accenture Ltd. in January. - George White
See press release
See story on EKR on TheDeal.com
