DLA Piper advises LLR Partners in US$70 million investment in Vehicle Tracking Solutions

DLA Piper represented private equity firm LLR Partners in its recent US$70 million investment in Vehicle Tracking Solutions (VTS), a technology company that provides solutions for fleet-driven organizations.

The capital will be used to help accelerate growth for IntelliShift, a division of VTS, by fueling innovation, expansion in North America and an enhanced focus on the customer experience for digitizing and transforming fleet and safety management.

“We were pleased to bring our market-leading private equity capabilities and extensive experience in the tech sector to facilitate this investment for LLR Partners, which strengthens its impressive portfolio and creates a partnership that will help VTS improve product innovation and provide greater value to customers,” said Eric Grossman, vice chair of DLA Piper’s Private Equity practice and the partner who led the firm’s deal team.

In addition to Grossman (Northern Virginia), the DLA Piper team representing LLR Partners included partners Stacy Paz (Silicon Valley), Cathryn Le Regulski, Thomas Hendershot (both of Northern Virginia) and Richard Marks (Washington, DC); of counsel Isabel De Obaldia (Northern Virginia); and associates Melissa Sampson, Shirley Qin and Stephen Truban (all of Washington, DC).

DLA Piper’s Private Equity practice includes more than 100 US lawyers who provide strategic counsel to private equity funds and the industry-leading companies they invest in. Pitchbook has repeatedly recognized DLA Piper as the second most active private equity law firm globally, further solidifying the strength of the firm’s team and its depth of experience executing private equity transactions.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.