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Permira to acquire majority interest in video telematics company Lytx

A company backed by funds managed by Permira Advisers Ltd. and co-investors agreed to purchase a majority stake in Lytx Inc.

Lytx provides video telematics, analytics, safety and productivity solutions for commercial, public sector and field service fleets. Its existing executive team will continue to lead the company upon closing of the deal, which is set to occur in the first quarter.

Rothschild & Co. was the exclusive financial adviser to Lytx, while Kirkland & Ellis was its legal counsel. Union Square Advisors LLC was financial adviser to Permira, and Fried Frank Harris Shriver & Jacobson was its legal adviser.