L-1 Investment Partners is a private investment management firm founded by
industry veteran and L-3 Communications co-founder Bob LaPenta in 2005. The
company is headquartered in Stamford, Connecticut.
The firm is differentiated by its ability to add value through a combination
of acquisition and working capital, together with active management oversight,
expertise in M&A transactions, disciplined fiscal controls and influential
industry relationships – all essential ingredients for consolidating industries
and accelerating corporate growth.
L-1 Investment Partners’ operating philosophy is to allow each portfolio
company to maximize the potential of their own R&D capabilities and deep
customer relationships by operating as separate entities, but under a common
management approach facilitated by the L-1 team.
Company milestones include:
| March 2006 |
Pending merger between Viisage and Identix clears Hart-Scott-Rodino |
| February 2006 |
Leading iris recognition company SecuriMetrics is acquired by Viisage as part of the L-1 market strategy for Viisage |
| January 2006 |
L-1 facilitates a merger between Viisage and Identix to create a premier biometric identity solution provider; deal valued at a combined pro forma calendar 2006 estimated revenue of $220 million and EBITDA of at least $40 million |
| December 2005 |
Bob LaPenta joins Viisage as chairman of the board
LaPenta leverages industry contacts to add former director of central intelligence George Tenet to the Viisage board of directors
Completion of the IBT acquisition by Viisage, represents an important step forward in strategic growth for the sector
Viisage stockholders approve $100 million common stock purchase by L-1 Investment Partners
Acquisition of the AutoTest Division of Openshaw Media Group by Viisage enhances identity proofing capabilities
|
| November 2005 |
L-1 funds the Viisage acquisition of Integrated Biometric Technology (IBT) to add critical fingerprint technology |
| October 2005 |
L-1 initiates the identity solutions investment strategy, proposes an investment in Viisage to accelerate growth |
| August 2005 |
Fundraising for the L-1 Aston Capital Fund is completed |
| June 2005 |
L-1 Investment Partners is formed |
