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BOCA RATON, Fla, Feb 7/PRNewswire/- LLR Partners Inc ('LLR') and Greenhill Capital Partners, LLC ('Greenhill') announce the completion of a $40 million equity investment in Peachtree Settlement Funding, LLC ('Peachtree'). LLR led the minority ownership investment. It is expected that this investment will permit Peachtree to execute its growth plans, make acquisitions and accelerate new product development.
Peachtree is a specialty finance business that purchases high-credit-quality, cash-generating assets, such as structured legal settlements, lottery prizes and life insurance policies. Consumers owning these types of assets that provide steady cash flows over long-term periods often seek to sell them to realize more current liquidity. By combining marketing sophistication, operational integrity and creative institutional financing, Peachtree has established itself as a leading buyer of these cash-generating assets.
James Terlizzi, Peachtree's CEO, said, "We are excited to join forces with LLR and Greenhill to help Peachtree continue its growth. Their expertise and contacts will be very helpful in achieving our ambitious goals."
"In the past three years, Peachtree has executed on its business model to achieve a leading market share and reputation of quality in each asset class it serves," said Mitchell Hollin, a Partner at LLR. "We believe that Peachtree will be able to leverage the extensive network of additional financing sources that LLR and Greenhill can provide to create success in several new asset classes."
Robert H, Niehaus, Chairman of Greenhill Capital Partners, added, "We are excited about investing in this emerging sector and have been very impressed by Peachtree. Their high level of service and integrity were important factors in our investment decision."
About Peachtree Settlement Funding, LLC (Peachtree)
Peachtree is a specialty finance company that provides liquidity for high-credit-quality illiquid assets. Peachtree purchases structured legal settlements, lottery prizes and life insurance policies from consumers Peachtree is based in Boca Raton, Florida. For more Information about Peachtree, please visit www.lumpsum.com.
About LLR Partners Inc (LLR)
LLR Partners Inc. Is a $620 million private equity firm providing capital to middle market companies with growth potential, proven business models and outstanding management teams LLR makes investments of $10 million to $40 million in a broad range of industries, with an emphasis on business services, healthcare, financial services and information technology Based in the Philadelphia area, LLR seeks to create value through a variety of transactions, Including buyouts, recapitalizations and expansion capital investments. For more information about LLR, please visit www.llrpartners.com.
About Greenhill Capital Partners, LLC (Greenhill)
Greenhill Capital Partners is a $423 million private equity fund focused on the energy, financial services, and telecommunications industries. Greenhill Capital Partners is an affiliate of Greenhill & Co., Inc., an independent global investment banking firm Through its offices in New York, London and Frankfurt, Greenhill advises corporations on their most pressing strategic financial needs, including mergers and acquisitions, leveraged or management buyouts and recapitalizations, and financial restructurings For more information please visit www.greenhill-co.com.
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