Clearlake Capital’s Investment in Lytx


Kirkland & Ellis advised private equity investment firm Clearlake Capital Group, L.P., in its partnership with Lytx, Inc., a pioneer in the video-based driver safety industry.

Lytx, Inc. (“Lytx”), the global leader in video-based telematics and analytics to fleets worldwide, has entered into a new investment partnership with Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).

Clearlake is partnering with GTCR LLC (“GTCR”), Lytx’s CEO Brandon Nixon, and the current management team as they continue to protect more than 850,000 drivers and grow their half a million subscriber base. Headquartered in San Diego, CA, Lytx was founded in 1998 and pioneered the video-based driver safety industry. Today, Lytx harnesses the power of video and data to enable fleets to improve safety, efficiency, and profitability.

Lytx serves more than 3,000 commercial and government fleets that log billions of miles worldwide each year, including some of the largest commercial fleets in the world. The company enables its clients to realize significant returns on investment by lowering operating and insurance costs, while achieving greater efficiency, compliance, and safety. Driven by constant innovation and dedication to extraordinary customer service, Lytx continued to set the pace as the market leader in video telematics, a category it pioneered 20 years ago. In 2017, Lytx became the first company in the history of video telematics to sell 300,000 new subscriptions over a three-year period, reaching half a million total subscriptions, more than any other video telematics company in the world.

The Kirkland team was led by corporate partners Luke Guerra (Picture) and Hamed Meshki and included corporate associate Caleb Vesey, finance partner Brian Ford, tax partner Josh McLane and associate Alison Ann Skaife.

Involved fees earner: Robert Luke Guerra – Kirkland & Ellis; Hamed Meshki – Kirkland & Ellis; Caleb Vesey – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Josh McLane – Kirkland & Ellis; Alison Ann Skaife – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Clearlake Capital Group, L.P.;

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Author: Ambrogio Visconti