L Squared Recapitalizes Literacy Resources (Heggerty)
September 29, 2021
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.
- Buyers
- L Squared Capital Partners, Longview Asset Management, Pondera Holdings, Heggerty executive team
- Targets
- Literacy Resources, LLC d/b/a Heggerty
- Industry
- Education
- Location
- Illinois, United States
- Transaction Type
- Recapitalization
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