L40º Partners
L40º Partners is a privately held, partner-led M&A and debt advisory boutique serving mid-market SaaS, technology, and AI founders (north of $20M EV, up to $100M ARR) with cross-border sell-side mandates connecting North America and Europe from offices in Miami, Lisbon, and Madrid.
- Company typePrivate
- Founded2024
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What L40º Partners does
L40º Partners (legal entity L40 Partners, Inc.) is a privately held, cross-border boutique M&A advisory firm founded in 2024 and operating from Miami, Lisbon, and Madrid. It specializes in sell-side advisory and debt advisory for mid-market SaaS, technology, and AI companies with enterprise values north of $20M and up to roughly $100M ARR, structuring mandates that frequently cross the North America–Europe corridor (a positioning encoded in its name — latitude 40° North). The firm offers two service lines: (i) Sell-side Advisory, which guides tech founders through preparation, valuation, buyer identification, diligence, negotiation, and closing; and (ii) Debt Advisory, which structures asset-backed facilities, structured debt, and acquisition financing. Both are delivered via a partner-led, hands-on engagement model rather than resold or channeled distribution.
The firm's revenue model is professional-services success-fee based: most mandates carry no retainer, with tiered (Modified Lehman) effective success fees that compress from approximately 3-4% at lower EV to 1.5-2% at upper mid-market ranges, producing per-engagement fees commonly in the $0.6M-$4M band depending on transaction size. According to its own disclosures, the team and its principals have been involved in 180+ completed transactions and have helped clients raise more than $1B, with notable mandates including the acquisition of Glovo by Delivery Hero, EasyTaxi by Cabify, and Big Red Cloud by Melior Private Equity, plus capital work for Rakuten, Mutua Madrileña, and Fasanara Capital. The firm operates within the SEC's M&A broker exemption framework (Section 15(b)(13)) and runs with a lean headcount of 1-10, supported by an active content and community engine (Insights blog, L40 Brief Telegram newsletter, founder events, SaaStr/SaaStock/SaaSiest presence) used as a top-of-funnel channel for founder-mandates.
L40º Partners firmographics
Firmographics- Name
- L40º Partners
- Legal name
- L40 Partners, Inc.
- Website
- https://l40.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- L40º Partners is a privately held, partner-led M&A and debt advisory boutique serving mid-market SaaS, technology, and AI founders (north of $20M EV, up to $100M ARR) with cross-border sell-side mandates connecting North America and Europe from offices in Miami, Lisbon, and Madrid.
- Ownership category
- akta.pro rank
L40º Partners industry classification
Industry- Product category
- M&A Advisory
- NAICS
- Investment Banking and Securities Intermediation (523150)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)
- akta.pro secondary industry
- Cross-Border M&A Advisory (FSAEAGAH)
Keywords
Where L40º Partners is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
L40º Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Sell-side Advisory Fees: Success fees paid at transaction close, calculated as a percentage of enterprise value. The firm also offers success-only fee structures with no retainer, or monthly retainers that are credited against the success fee at close. Tiered fee schedules (Modified Lehman) apply declining rates across value brackets. Effective success fees typically range from 3-4% at lower EV to 1.5-2% at upper mid-market ranges.
- Debt Advisory Fees: Fees for advising companies on raising and structuring debt for complex use cases such as asset-backed facilities, structured debt, or acquisition financing. Compensation structured around the scope and complexity of the engagement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Mid-market software exits ($20M-$50M EV) |
| Other | Pay-as-you-go | Upper mid-market software exits ($75M-$100M EV) |
| Other | Pay-as-you-go | Large mid-market exits ($200M EV) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
L40º Partners product offering
Product offeringCore offering
L40º Partners is a cross-border M&A advisory firm that provides Sell-side Advisory (end-to-end exit advisory for tech founders, from valuation and buyer identification through closing) and Debt Advisory (structuring asset-backed facilities, structured debt, and acquisition financing). All engagements are partner-led, target mid-market SaaS, technology, and AI companies with up to $100M ARR, and are delivered from offices in Miami, Lisbon, and Madrid.
Product overview
L40° is a cross-border M&A advisory firm offering two core services: Sell-side Advisory and Debt Advisory. The Sell-side Advisory service guides mid-market SaaS, technology, and AI founders through the complete exit process, including valuation analysis, strategic positioning, buyer identification, negotiation, and deal closing. The Debt Advisory service helps companies structure growth-oriented debt solutions for acquisitions, working capital, and recapitalizations. Both services are delivered through a partner-led, hands-on approach with offices in Miami, Lisbon, and Madrid connecting North American and European tech ecosystems.
Differentiator
Problem solved
Functional benefit
Products and services
- Sell-side Advisory End-to-end M&A advisory service guiding mid-market SaaS, technology, and AI founders through the complete process of selling their business — from preparation, valuation analysis (ARR, NRR, Rule of 40), and strategic positioning to identifying buyers, managing due diligence, negotiation, and closing the transaction. Includes access to curated global buyer networks and partner-led execution.
- Debt Advisory Strategic debt advisory service helping companies raise and structure financing for complex use cases including asset-backed facilities, structured debt, working capital, recapitalizations, and acquisition financing. Delivered as an unbiased, independent advisor with experience as both principal lender and borrower, focused on negotiating the most favorable terms for long-term value creation.
Quantifiable outcome
- 180+ successful transactions closed
- +2 more outcomes
Companies that use L40º Partners
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles3 records
L40º Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
L40º Partners partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
L40º Partners competitors and assessment
Company assessmentDirect peers
- Arma Partners: Arma Partners is an independent advisory firm focused on internet, software, and tech-enabled services companies. Its cross-border (London/New York/San Francisco) platform and SaaS sector focus make it a direct peer to L40° for cross-Atlantic tech M&A.
- FT Partners: FT Partners is a specialized tech investment bank focused on fintech, SaaS, and financial services M&A. It is comparable to L40° in sector focus (SaaS/tech) and sell-side advisory within the mid-to-upper middle market.
- Corum Group: Corum Group is a tech M&A advisor serving mid-market software, IT, and digital services companies. With similar middle-market SaaS orientation, it competes with L40° for seller-side mandates.
- GP Bullhound: GP Bullhound is a global tech-focused advisory and investment firm advising software, marketplace, and digital businesses on M&A and growth capital. Overlap with L40° is strong on cross-border tech mandates and SaaS sell-side advisory.
- Hampleton Partners: Hampleton Partners is a tech M&A advisory firm serving mid-market software, SaaS, and digital companies in Europe and the US. Its cross-Atlantic SaaS focus and mid-market band make it a near-direct peer to L40°.
- Drake Star Partners: Drake Star is a tech M&A advisor covering software, digital media, and tech-enabled services globally with offices in New York, London, and Munich. It competes for the same cross-border SaaS/tech sell-side mandates L40° targets.
- Software Equity Group: Software Equity Group is a boutique M&A advisor dedicated to software, SaaS, and technology companies in the lower and middle market. It is one of the most direct competitors to L40° given its sector-specialization in software and overlapping EV band.
- Berkery Noyes: Berkery Noyes is an independent middle-market investment bank focused on software, healthcare IT, and tech-enabled services M&A. It is a direct competitor in the lower-middle-market SaaS sell-side space.
Broad incumbents
- Alantra: Alantra is a global mid-market investment bank and asset manager with a dedicated tech and software advisory practice. It is a broader incumbent offering M&A and debt advisory across many sectors, including the SaaS niche L40° addresses.
- Lincoln International: Lincoln International is a global mid-market investment bank with dedicated software and tech coverage. As a larger incumbent, it offers overlapping SaaS M&A capabilities but as part of a broader advisory platform, not a tech-only boutique like L40°.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
L40º Partners social profiles
Digital presenceL40º Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
L40º Partners leadership team
Management profileNumber of profiles
Profiles2 records
L40º Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
L40º Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about L40º Partners
What does L40º Partners do?
L40º Partners is a cross-border M&A advisory firm that provides Sell-side Advisory (end-to-end exit advisory for tech founders, from valuation and buyer identification through closing) and Debt Advisory (structuring asset-backed facilities, structured debt, and acquisition financing). All engagements are partner-led, target mid-market SaaS, technology, and AI companies with up to $100M ARR, and are delivered from offices in Miami, Lisbon, and Madrid.
Is L40º Partners a public or private company?
L40º Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was L40º Partners founded?
L40º Partners was founded in 2024. It employs 1 to 10 people.
Where is L40º Partners based?
L40º Partners is headquartered in Miami, United States, in the North America region.
How does L40º Partners make money?
Two revenue lines are on record. Sell-side Advisory Fees are the primary driver. The others are debt Advisory Fees.
Who are L40º Partners's main competitors?
Direct peers on record are Arma Partners, FT Partners, Corum Group, GP Bullhound, Hampleton Partners, Drake Star Partners, Software Equity Group and Berkery Noyes. Broad incumbents are Alantra and Lincoln International.
Does L40º Partners have an API?
No public API is recorded for L40º Partners.
What industry is L40º Partners in?
L40º Partners's product category is M&A Advisory. Its primary akta.pro industry code is FSAEAGAJ, Industry-Specialist / Sector-Focused M&A Advisory, with a secondary code of FSAEAGAH, Cross-Border M&A Advisory. Its NAICS code is 523150 and its SIC code is 6211.