L Squared Recapitalizes Lumaverse Technologies

Lumaverse Technologies Acquires ClubExpress

June 16, 2022

Cloud & SaaS

Lumaverse Technologies, a portfolio company of L Squared Capital Partners and PSG, has acquired ClubExpress, a SaaS provider of association and club management software used by more than 2,000 organizations. 85 Advisors served as exclusive financial advisor to ClubExpress; financial terms were not disclosed. The deal is an add-on for Lumaverse to expand its group-management product suite and membership, event and payment capabilities.

L Squared Capital Partners Facilitates Merger of Foundant Technologies and SmartSimple Software

August 13, 2024

Cloud & SaaS

L Squared Capital Partners announced the strategic merger of Foundant Technologies and SmartSimple Software to combine their cloud-based grantmaking and philanthropic solutions. The transaction is intended to accelerate product innovation, expand capabilities across philanthropic, nonprofit, healthcare, and public-sector markets, and deliver greater value to existing clients.

L Squared Recapitalizes Literacy Resources (Heggerty)

September 29, 2021

Education

L Squared Capital Partners led a recapitalization of Literacy Resources, LLC d/b/a Heggerty, with Longview Asset Management, existing investor Pondera Holdings and Heggerty’s executive team rolling equity. Debt financing was provided by BMO Sponsor Finance and New Canaan Funding, with William Blair advising L Squared and Macquarie Capital advising Heggerty. The transaction will fund product development, digital offerings, professional development, and sales & marketing to expand Heggerty’s literacy impact.

L Squared Capital Partners Recapitalizes GWS Tool Group

September 18, 2019

Manufacturing

L Squared Capital Partners has partnered with GWS Tool Group management to recapitalize GWS Tool Group, with participation from incumbent sponsor Addison Capital Partners; financial terms were not disclosed. The recapitalization (with debt led by Varagon Capital Partners) provides a long-term capital base to support GWS’s acquisition-driven growth, geographic expansion, and continued investment in people and facilities.

L Squared Capital Partners Makes Growth Investment in Foundant Technologies

February 15, 2023

Cloud & SaaS

L Squared Capital Partners has made a growth investment in Foundant Technologies, a Bozeman-based provider of mission-critical SaaS for the philanthropic sector. The investment will support Foundant's platform expansion and growth, with co-founders Mark Larimer and Daren Nordhagen joining the company's board.

L Squared Capital Partners Makes Growth Investment in Ergo

November 4, 2025

Consulting

L Squared Capital Partners has made a significant growth investment in Ergo, a New York–headquartered geopolitical and strategic intelligence firm. The capital will support Ergo's organic growth, expand its go-to-market initiatives (including the Flashpoints Forum membership), and enable strategic acquisitions while Ergo's management retains a significant ownership stake.