LLR Partners has made a growth capital investment in Edlio, a provider of community engagement services for K-12 public, private and charter schools.
Edlio provides comprehensive and easy-to-use communication packages for school administrators, teachers and parents. Edlio’s content management system (CMS) supports over 9,700 websites for schools and districts across the US, Canada and Latin America, and allows teachers and administrators to seamlessly manage their school’s web presence, calendars, news alerts, classes and homework.
Edlio’s parent engagement app, Sangha, connects schools to home with personalized communication for parents, including mass notification and two-way parent/teacher messaging, online forms and e-signatures and built-in reminders. The company, led by CEO Ali Arsan, has offices in Los Angeles (headquarters) and Mountain View, CA; Austin, TX; Chicago, IL; Mexico City, Mexico; and Vancouver, BC (www.edlio.com).
The investment from LLR will be used to support Edlio’s continued market expansion via organic growth and acquisitions. “We are thrilled to partner with LLR for our next stage of growth and excited by the team’s track record of investing in and helping to advance other leading education technology businesses,” said Mr. Arsan. “With the support of LLR, we will continue to expand and enhance our solutions both organically and through acquisitions of market-leading products, solving new pain points for our loyal clients.”
“Ali and the Edlio team combine tremendous passion and commitment with best-in-class technology to help educators engage and simplify communication with parents and the broader community, making an impact for students,” said Zack Sigal, Vice President at LLR Partners. “We look forward to supporting Edlio in its continued growth, innovation of its platform with new features and functionality and expansion into new markets.”
LLR Partners invests from $15 million to $100 million in companies that have up to $100 million in annual revenue and are active in the education, financial, healthcare, security and software sectors. The firm will invest in minority or majority equity positions through growth capital, recapitalizations and buyout transactions. LLR Partners is headquartered in Philadelphia (www.llrpartners.com).
In June 2018, LLR Partners held a final closing of its latest fund, LLR Equity Partners V LP, at $1.2 billion. The firm’s earlier fund, LLR Equity Partners IV LP, closed at $950 million in March 2014.
Berkery Noyes (www.berkerynoyes.com) was the financial advisor to Edlio on this transaction.
© 2018 Private Equity Professional | October 17, 2018