Deal Details
LLCP Completes Multi-Asset Continuation Vehicle
Summary
Levine Leichtman Capital Partners, LLC (“LLCP” or the “Sponsor”) closed a multi-asset continuation vehicle (“CV” or the “New Vehicle”) for three assets (the “Portfolio”) – Blue Ridge Associates (“Blue Ridge”), Milton Industries (“Milton”) and Resolution Economics – held in LLCP Lower Middle Market Fund, L.P. (“LMM II”). The transaction allowed LLCP to offer a value-maximizing, comprehensive liquidity option to LMM II investors, while granting additional time and capital to support the execution of attractive strategic initiatives across the Portfolio. The transaction was led by global private markets investor Hamilton Lane and supported by a diverse syndicate of institutional investors.
Baird served as exclusive financial advisor to LLCP on this transaction. Baird’s GP Solutions, Technology & Services and Industrial teams worked in tandem to conduct an efficient and competitive process to achieve the Sponsor’s key objectives.
About
LLCP is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP's global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 20 years. Since inception, LLCP has managed approximately $15.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $9.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt. LLCP is headquartered in Beverly Hills, California.Blue Ridge is a leading provider of technology enhanced solutions and services for the administration and recordkeeping of ESOPs and associated 401(k) plans. The firm’s comprehensive service offerings and highly experienced professional administrators address the complex and mission-critical needs of ESOP and other qualified retirement plans, which have provided the company with a reputation as one of the highest-quality service providers in the market. Blue Ridge is headquartered in Charlottesville, Virginia.
Milton is a leading provider of highly-engineered products for pneumatic and hydraulic applications across diverse end markets including vehicle services, industrial maintenance, repair and operation (MRO), military/aviation, agriculture and other sectors. The firm has thousands of customers and a broad portfolio of products including couplers, gauges, chucks, blow guns, filters, regulators, lubricators, hoses and fittings, specialty tools and fluid management equipment. Milton is headquartered in Chicago, Illinois.
Resolution Economics is a specialty consulting firm that provides economic and statistical analysis, as well as expert testimony and other compliance services, to leading law firms and corporations in labor & employment and commercial litigation matters. The firm specializes in highly complex class action lawsuits and, as such, employs a highly specialized workforce. Resolution Economics is headquartered in Los Angeles, California.
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- Date
- November 2024
- Company
- Levine Leichtman Capital Partners, LLC
- Transaction
- GP Solutions
- Sectors
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Technology & Services
Industrial - Verticals
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Financial Services & Technology
Industrial Equipment
Business Process Outsourcing
- Target Geography
- North America
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