Mark Anderson, Managing Director at GTCR, said in a statement:
"The acquisition of Lytx is a great example of leveraging GTCR's expertise in investing in companies with hard-to-replicate data and highly valuable workflow applications. This transaction also highlights GTCR's continued enthusiasm for investing in market-leading companies with substantial whitespace opportunities."
|Image credit: Lytx Inc.|
Founded in 1980 and based in Chicago, Illinois, GTCR LLC is a private equity firm focused on leveraged buyout, leveraged recapitalizatyion, growth capital and rollup transactions. GTCR mainly focuses in high-growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based equity firm has pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since 1980, the company has invested more than $12 billion in over 200 companies.
Evercore served as financial advisor to GTCR, while Kirkland & Ellis LLP provided legal counsel and PricewaterhouseCoopers served as accounting advisor. Rothschild served as financial advisor to Lytx, while Ropes & Gray LLP provided legal counsel.