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Sterling National Bank Provides $26MM to Support LLR Partners Acquisition of Learn It

May 20, 2016, 07:45 AM
Filed Under: Education

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced it provided $26 million in senior secured credit facilities to support the acquisition of Learn It Systems by LLR Partners. Learn It Systems is a provider of autism therapy and special education services. The company operates in 16 states, supporting children with autism and other special needs across multiple care settings including schools, clinics and in the home.

The Healthcare Finance team is a specialty lending group primarily offering a full range of senior secured credit facilities and banking solutions to healthcare middle market providers in the U.S. with borrowing needs from $5 million to $100 million.

LLR Partners invests in middle-market growth companies in a broad range of industries, with an emphasis on healthcare, technology and services. Founded in 1999 and with more than $2 billion raised across four funds, LLR provides capital for growth, recapitalizations and buyouts, and has the flexibility to take minority or majority positions.

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