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L2 Capital company logo
Private Equity
l2capital.net

Investments

5

Portfolio Exits

5

Partners & Customers

2

About L2 Capital

L2 Capital is a lower-middle market private equity firm. It specializes in making equity investments in manufacturing, distribution and service companies. The company was founded in 2010 and is based in Devon, Pennsylvania.

Headquarters Location

92 W Lancaster Ave Suite 210

Devon, Pennsylvania, 19333,

United States

610-922-4030

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Latest L2 Capital News

L2 Capital Announces Aspekt Solutions Exit

Sep 28, 2023

September 27, 2023 DEVON, Pa.–( BUSINESS WIRE )– L2 Capital  is pleased to announce the sale of  Aspekt Solutions , a leading provider of medical physics, dosimetry, and strategy consultation services, to Varian, a Siemens Healthineers company. This transaction represents the successful realization of L2 Capital’s 2017 investment in Medical Physics Holdings. Terms of the deal were not disclosed. Under L2’s ownership, Aspekt Solutions underwent significant corporate leadership changes, executed a transformational acquisition, and developed a flexible solutions portfolio to meet client needs. This investment allowed the Company to significantly grow its core clinical medical physics services business, increase portfolio breadth, expand its geographic footprint, and position the business for rapid growth. “This successful exit illustrates how our team collaborates with founders and transforms niche market leading businesses into mass market solutions. Over the course of the investment, we recruited a new CEO with a demonstrated track record in healthcare, worked with the leadership team to craft and execute a focused strategic plan, and completed a high-impact add-on acquisition. We are very proud of what we have accomplished together,” commented Connor McMahan, Partner at L2 Capital. “All this was achieved while ensuring that the team and the Company had the right resources and investment required. We always believed that the Aspekt offering delivered best in class clinic and patient outcomes; the Aspekt team built upon that foundation to lead the Company to its current level. We are confident in their continued success.” Brian Pellegrini, CEO of Aspekt Solutions added, “I appreciate the support and collaborative approach L2 Capital takes. I felt I had a true partner in L2 to strategize and achieve the breakthrough goals we set together, and I had the support to execute with my team. I look forward to an exciting new chapter as part of Varian and the Siemens Healthineers team to really accelerate our positive impact.” Troutman Pepper served as legal counsel to L2. About Aspekt Solutions Aspekt Solutions offers radiology and radiation oncology providers the staff, guidance, technical and operational expertise they need to turn a high-risk, high-capital business into a competitive advantage. Our mission is to make a difference one patient, one clinic, one system at a time. That mission starts by bringing together the best team of physicists, dosimetrists, and strategy consultants in the industry, and closely partnering with clients to support and extend their existing programs and prepare them for the future. About L2 Capital L2 Capital ( www.L2Capital.net ) is a lower middle market private equity firm in Devon, PA and Miami, FL that has delivered market leading returns since 2010 by investing in niche lower middle market leading consumer and business services companies. L2 executes a differentiated operations-focused strategy by targeting founder and entrepreneur-led businesses that are at an inflection point where L2’s breakthrough growth framework and direct operating expertise can quickly accelerate market share gain. About Varian At Varian, a Siemens Healthineers company, we envision a world without fear of cancer. For more than 75 years, Varian has developed, built, and delivered innovative technologies and solutions that help care providers around the globe treat millions of patients each year. Today, as a Siemens Healthineers company, we support every step of the cancer care journey – from screening to survivorship. From advanced imaging and radiation therapy, to comprehensive software and services, to interventional radiology, we are harnessing the power of our perspective while also pursuing clinical research to create a more efficient, and more personalized care pathway. Because, for cancer patients everywhere, their fight is our fight. For more information, visit  http://www.varian.com.

L2 Capital Investments

5 Investments

L2 Capital 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 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 Portfolio Exits

5 Portfolio Exits

L2 Capital has 5 portfolio exits. Their latest portfolio exit was Aspekt Solutions on September 26, 2023.

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

9/26/2023

Acquired

$99M

3

2/10/2022

Acq - Fin - II

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$99M

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10

6/11/2019

Acq - Fin - II

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$99M

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10

4/16/2018

Acquired

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$99M

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10

2/27/2017

Acq - Fin

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$99M

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10

Date

9/26/2023

2/10/2022

6/11/2019

4/16/2018

2/27/2017

Exit

Acquired

Acq - Fin - II

Acq - Fin - II

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

L2 Capital Acquisitions

10 Acquisitions

L2 Capital acquired 10 companies. Their latest acquisition was Open World on August 14, 2023.

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

8/14/2023

$99M

Acq - Fin

1

7/8/2021

$99M

Acq - Fin

1

5/22/2019

$99M

Acq - Fin

1

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

Date

8/14/2023

7/8/2021

5/22/2019

12/3/2018

1/1/2018

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

1

1

1

10

10

L2 Capital Partners & Customers

2 Partners and customers

L2 Capital has 2 strategic partners and customers. L2 Capital recently partnered with Google Cloud Platform on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/12/2022

Partner

United States

L2 Capital Collaborates with Google to Accelerate Portfolio Companies' Business Growth and Advance Its Web3 Investment Strategy

HONG KONG , Oct. 12 , 2022 / PRNewswire / -- L2 Capital Management , a multi-strategy asset management firm , today announced that it has entered into a collaboration with Google Cloud to accelerate the sustainable growth of its portfolio companies .

2

10/12/2022

Vendor

United States

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10

Date

10/12/2022

10/12/2022

Type

Partner

Vendor

Business Partner

Country

United States

United States

News Snippet

L2 Capital Collaborates with Google to Accelerate Portfolio Companies' Business Growth and Advance Its Web3 Investment Strategy

HONG KONG , Oct. 12 , 2022 / PRNewswire / -- L2 Capital Management , a multi-strategy asset management firm , today announced that it has entered into a collaboration with Google Cloud to accelerate the sustainable growth of its portfolio companies .

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Sources

2

10

L2 Capital Team

5 Team Members

L2 Capital has 5 team members, including , .

Name

Work History

Title

Status

Frank Han

Founder

Current

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Name

Frank Han

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Work History

Title

Founder

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Status

Current

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