Latest news with #LLCP
Yahoo
29-07-2025
- Business
- Yahoo
Levine Leichtman Capital Partners acquires Shipley Do-Nuts
US-based doughnut and kolache brand Shipley Do-Nuts has been acquired by private equity firm Levine Leichtman Capital Partners (LLCP) from Peak Rock Capital. The financial details of the deal have not been disclosed; however, the deal could value the brand at $400m, reported Bloomberg, citing sources. Shipley Do-nuts' executive team, headed by CEO Flynn Dekker, will continue to operate the company its Houston headquarters. LLCP managing partner Matthew Frankel said: 'We are excited to partner with Flynn and the outstanding Shipley management team, who have been executing on a successful growth strategy. 'Together, we see a tremendous opportunity to build on this foundation by expanding unit count even further to capture the substantial whitespace and driving strong same-store sales growth.' In January 2021, Peak Rock Capital acquired the majority stake in Shipley from the original owning family. Shipley operates more than 375 locations across 14 US states, has been in business for nearly 90 years, providing more than 60 types of donuts, kolaches. and coffee. The acquisition of Shipley represents the fourth platform investment of LLCP's Fund VII. LLCP's portfolio includes investments in brands including Tropical Smoothie Cafe, Nothing Bundt Cakes, and Hand & Stone. Shipley now becomes the 18th franchising investment for LLCP, bringing the total to 32 brands across various industries. Dekker said: 'Shipley is growing faster than ever in its history, and partnering with LLCP presents an outstanding opportunity for Shipley to accelerate our growth and bring the world's greatest donut to an even wider audience. 'Their extensive expertise in franchise food brands will be pivotal in driving future growth and supporting our franchisees, while preserving our commitment to fresh-made quality and our original recipes that have made our brand the icon it is today.' Legal advice for LLCP was provided by Kirkland & Ellis and DLA Piper, while Shipley received guidance from North Point and J.P. Morgan. In March 2025, Shipley signed a 30-unit development agreement to extend its national footprint. "Levine Leichtman Capital Partners acquires Shipley Do-Nuts" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Los Angeles Times
14-07-2025
- Business
- Los Angeles Times
Private Equity Firm Levine Leichtman Capital Partners Closed $3.6 Billion Fund
Los Angeles-based private equity firm Levine Leichtman Capital Partners closed a $3.6-billion fund that exceeded targets. The LLCP Fund VII received strong support from its existing investor base as well as a diverse set of new institutional investors. The company has raised more than $4 billion of capital across its platform in the last two years, including substantial co-investment capital. 'We are extremely pleased with the immense support for Fund VII, which reflects considerable trust and strong conviction in LLCP's proven strategy and team. The global investment community recognizes LLCP's ability to generate substantial deployment and realization volume for our limited partners in the current market environment,' said Matthew Frankel, managing partner of Levine Leichtman Capital Partners, in a statement. The firm has executed more than $4.6 billion of realizations over the past three years through numerous successful sale transactions, including Encore Fire Protection, Tropical Smoothie Cafe, Law Business Research and Hand & Stone. Fund VII will focus on investing in market-leading, middle-market businesses, with a focus on sectors including franchising, business services, education and training, and engineered products. The Fund has already completed several platform investments – All4, Schülerhilfe and USA Water – and expects to close its fourth platform this month. Information for this article was sourced from Levine Leichtman Capital Partners.
Business Wire
09-07-2025
- Business
- Business Wire
LLCP Closes Oversubscribed Fund VII With Over $3.6 Billion of Capital Commitments
LOS ANGELES--(BUSINESS WIRE)--Levine Leichtman Capital Partners ('LLCP'), a Los Angeles-based private equity firm, today announced the final closing of LLCP Fund VII ('Fund VII') with total capital commitments of over $3.6 billion, materially exceeding its target. The fund was significantly oversubscribed despite one of the most challenging fundraising environments in recent history, receiving strong support from its existing investor base as well as a diverse set of new institutional investors. LLCP has raised well over $4 billion of capital across its platform in the last twenty-four months, including substantial co-investment capital. LLCP attributes its fundraising success to several competitive advantages, including a differentiated, uncorrelated investment strategy that has continued to deliver robust investment returns through several investment cycles, exit activity that has outpaced the broader market, and consistent deployment in attractive opportunities well-aligned with LLCP's core strengths. LLCP has executed over $4.6 billion of realizations over the past three years through numerous successful sale transactions, including Encore Fire Protection, Tropical Smoothie Cafe, Law Business Research and Hand & Stone. Matthew Frankel, Managing Partner at LLCP, said, 'We are extremely pleased with the immense support for Fund VII, which reflects considerable trust and strong conviction in LLCP's proven strategy and team. The global investment community recognizes LLCP's ability to generate substantial deployment and realization volume for our limited partners in the current market environment.' Michael Weinberg, Managing Partner at LLCP, added, 'We are grateful for the continued support and confidence we received from our returning and new limited partners. LLCP's continued success reflects our team's ability to source attractive investment opportunities, partner with talented management teams and build great companies. We look forward to continuing our 41-year track record of success through varying economic environments.' Fund VII will continue LLCP's successful strategy of investing in market-leading, middle market businesses, with a focus on sectors including franchising, business services, education & training, and engineered products. The Fund has already completed several platform investments – All4, Schülerhilfe and USA Water – and expects to close its fourth platform this month, demonstrating LLCP's ability to execute on attractive opportunities. Fund VII is nearly one and half times the size of LLCP's previous flagship fund, which closed in 2018 with total capital commitments of $2.5 billion. About LLCP Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 41-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 9 partners who have worked at LLCP for an average of 19 years. Since inception, LLCP and its affiliates have managed approximately $18.1 billion of capital across nearly 20 investment funds and have invested in approximately 120 portfolio companies. LLCP and its affiliates currently manage $12.7 billion of assets and have offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
