LLR Partners has made an investment in Magaya Corporation, a provider of warehouse, cargo and supply chain management software.
Magaya’s software products are used to automate and improve business operations for freight forwarders, 3rd party logistics, wholesalers and distributors. The company’s software products process orders, manage and optimize warehouses, and is fully integrated with accounting and communication functionality. Magaya was founded in 2001 by co-CEOs Jose Yoniel Garcia, Jesus Rodriguez and Gabriel Ruz, Jr. The company is headquartered in Miami with additional offices in Houston and near Sao Paulo in Gonzaga Beach, Brazil (www.magaya.com).
“The Magaya team has built a comprehensive shipping, warehousing and accounting solution, further enhanced by world-class services,” said David Reuter, a partner at LLR. “In addition to their technology, the breadth of Magaya’s reach was particularly impressive, currently extended to over 1,600 customers of all sizes operating global shipping routes across more than 75 countries. We are excited to help Magaya continue to invest in their growth, enhance their solution offerings and expand the company’s footprint.”
With the closing of this transaction, Mr. Reuter and Michael Pantilione, a vice president at LLR, will join Magaya’s board of directors.
“We were committed to finding a partner who understood our market and end customer, and could help us grow,” said the Messrs. Garcia, Rodriguez and Ruz in a released statement. “LLR’s track record of scaling software businesses similar to us in size, coupled with their experience working directly with business operations solutions for distributors, made the team the clear partner of choice for Magaya.”
LLR 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 is headquartered in Philadelphia (www.llrpartners.com).
In June 2018, LLR 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.
© 2019 Private Equity Professional | April 29, 2019
