Houlihan Lokey Advises Odessa

Transaction: Odessa has received an investment from Thomas H. Lee Partners. Sellside Advisor.

Houlihan Lokey is pleased to announce that Odessa has agreed to receive an investment from Thomas H. Lee Partners. The transaction closed on October 19, 2021.

Headquartered in Philadelphia, Odessa is a software company exclusively focused in the asset finance industry and is the developer of the Odessa Platform. Odessa’s leasing solutions and workforce of 1,000+ power a diverse customer base of asset finance companies globally. Odessa provides a powerful, end-to-end, extensible solution for lease and loan origination and portfolio management. The Odessa Platform further provides rich feature sets, including low-code development, test automation, reporting, and business intelligence to ensure organizations can more effectively align business and IT objectives.

Thomas H. Lee Partners, LP (THL) is a premier private equity firm investing in middle-market growth companies exclusively in three sectors: financial services, healthcare, and technology and business solutions. THL couples deep sector expertise with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. The firm’s domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations, and drive long-term sustainable value. Since 1974, THL has raised more than $30 billion of equity capital, invested in over 160 companies, and completed more than 500 add-on acquisitions representing an aggregate enterprise value at acquisition of over $210 billion. THL invests in automation companies through its flagship private equity fund and a dedicated automation fund.

Houlihan Lokey served as the sole financial advisor to Odessa on its investment from Thomas H. Lee Partners. This transaction builds on Houlihan Lokey’s market-leading position in the fintech sector. Other recent transactions in the industry include acting for DNA Payments in its capital raise from Alchemy; Broadridge on its acquisition of Itiviti; Admiral Group on the sale of Penguin Portals to RVU; SharesPost on its sale to Forge Global; B2C2 on its sale to SBI Holdings; Rockall Technologies on its sale to Broadridge; Barracuda FX on its sale to Broadway; EQT on its acquisition of RIMES; and RetireUp’s sale to Tegra118/Motive Partners.

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