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l2capital.net

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Investments

5

Portfolio Exits

4

About L2 Capital Partners

L2 Capital Partners is a lower middle market private equity firm that specializes in making equity investments in manufacturing, distribution and service companies.

L2 Capital Partners Headquarter Location

259 North Radnor-Chester Road Suite 280

Radnor, Pennsylvania, 19087,

United States

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Latest L2 Capital Partners News

L2 Capital Partners Recapitalizes Rapidly Growing Brand of Kayak Fishing Accessories

Dec 8, 2021

12/08/2021 | 11:26am EST Message : *Required fields L2 Capital Partners, L.P. (“L2” or “L2 Capital”) ( www.L2Capital.net ) is pleased to announce the recapitalization of YakAttack, LLC (“YakAttack” or the “Company”), a vertically integrated, market-leading designer and manufacturer of branded mounted aftermarket accessories primarily used to outfit and rig kayaks for fishing. Founded in 2009 by Luther Cifers, and headquartered in Farmville, Virginia, YakAttack is a pioneer in the kayak fishing market. Its highly innovative, patent-protected products are designed and manufactured in the United States and used by kayak fishing participants throughout the world. The Company’s loyal following was organically built by solving problems and elevating the kayak fishing experience, which has enabled YakAttack to become the go-to premium accessories brand in the kayak fishing industry. Participation in kayak fishing has nearly tripled between 2010 and 2019 and now represents approximately 7% of 45 million annual fishing participants. YakAttack is L2 Capital’s second outdoor products platform. Connor McMahan, Partner of L2 Capital said, “L2 Capital is excited to partner with Luther and the management team to further develop YakAttack as a leading brand in the kayak fishing industry. We seldom see the combination of in-house design, manufacturing and an authoritative brand within a rapidly growing sector, but when we witnessed Luther and his team developing their own molds and tools in-house during the factory tour, we knew that this was a unique opportunity to partner with such a talented team of enthusiasts” Lorin Wolfe, Partner and Chief Operating Officer of L2 Capital, added, “We’re excited to help YakAttack achieve breakthrough growth through development of a business and organizational strategy focused on leveraging its product development capabilities and expanding its sales channels and distribution networks.” Luther Cifers, Founder and President of YakAttack said, “I am extremely excited about our new partnership with L2 Capital Partners. L2’s track record of helping founder-led companies maximize their potential is impressive, and their core values and vision for what YakAttack can become really resonated with our team.” Salem Investment Partners and Oxer Capital provided debt financing and co-invested in the transaction. Terms of the transaction were not disclosed. L2 Capital Partners ( www.L2Capital.net ) is a boutique lower middle market private equity firm that specializes in making controlling investments in a diverse range of family and founder-built companies with demonstrated market leadership and unlocked potential for growth. L2’s impressive track record over the last decade includes top quartile returns for its portfolio of business services and consumer products companies with enterprise values up to $100 million. L2 Capital adds value by partnering closely with company leadership to meet their strategic and financial goals by providing intimate operational support including a breakthrough growth framework in addition to access to resources and technology gained over 40 years of principal investing experience. View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005827/en/ © Business Wire 2021

L2 Capital Partners Investments

5 Investments

L2 Capital Partners has made 5 investments. Their latest investment was in Animoca Brands as part of their Unattributed VC - IV on January 1, 2022.

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L2 Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/18/2022

Unattributed VC - IV

Animoca Brands

$358.88M

Yes

19

12/8/2021

Recap

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10

1/31/2019

Seed VC

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$99M

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10

7/31/2012

Recap

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0

Other Investors

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0

Date

1/18/2022

12/8/2021

1/31/2019

7/31/2012

Round

Unattributed VC - IV

Recap

Seed VC

Recap

Other Investors

Company

Animoca Brands

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Amount

$358.88M

$99M

New?

Yes

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Co-Investors

Sources

19

10

10

0

0

L2 Capital Partners Portfolio Exits

4 Portfolio Exits

L2 Capital Partners has 4 portfolio exits. Their latest portfolio exit was Insight 2 Design on February 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/10/2022

Acq - Fin - II

2

6/11/2019

Acq - Fin - II

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10

4/16/2018

Acquired

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10

2/27/2017

Acq - Fin

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10

Date

2/10/2022

6/11/2019

4/16/2018

2/27/2017

Exit

Acq - Fin - II

Acq - Fin - II

Acquired

Acq - Fin

Companies

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Valuation

Acquirer

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Sources

2

10

10

10

L2 Capital Partners Acquisitions

9 Acquisitions

L2 Capital Partners acquired 9 companies. Their latest acquisition was Ecotone on July 08, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/8/2021

$99M

Acq - Fin

1

5/22/2019

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$99M

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10

12/3/2018

Debt

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$99M

$99M

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10

1/1/2018

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$99M

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10

5/8/2017

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$99M

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10

Date

7/8/2021

5/22/2019

12/3/2018

1/1/2018

5/8/2017

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

1

10

10

10

10

L2 Capital Partners Team

5 Team Members

L2 Capital Partners has 5 team members, including current Founder, Managing Partner, Robert G. Levine.

Name

Work History

Title

Status

Frank Han

Founder

Current

Kevin Lee

Founder

Current

Robert G. Levine

Milestone Partners

Founder, Managing Partner

Current

Robert G. Levine

Founder

Current

Jonathan Lin

Point72 Ventures, Och-Ziff Capital Management Group, Madison Dearborn Partners, and Citigroup

Founder

Current

Name

Frank Han

Kevin Lee

Robert G. Levine

Robert G. Levine

Jonathan Lin

Work History

Milestone Partners

Point72 Ventures, Och-Ziff Capital Management Group, Madison Dearborn Partners, and Citigroup

Title

Founder

Founder

Founder, Managing Partner

Founder

Founder

Status

Current

Current

Current

Current

Current

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