Latest news with #LevineLeichtmanCapitalPartners
Los Angeles Times
08-08-2025
- Business
- Los Angeles Times
Levine Leichtman Capital Partners and Management to Acquire Shipley Do-Nuts
Levine Leichtman Capital Partners, a Los Angeles-based private equity firm with $12.7 billion in assets under management, partnered with company management to acquire Shipley Do-Nuts from Peak Rock Capital. Financial terms of the transaction were not disclosed. Houston-based Shipley bills itself as the nation's largest donut and kolache brand with 375 locations across 14 states that provide more than 60 varieties of handcrafted, fresh-made-daily donuts, kolaches and coffee. It was founded in 1936 and is headquartered in Houston, where it will continue to be operated by the existing management team led by Flynn Decker, chief executive. '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,' said Matthew Frankel, managing partner of Levine Leichtman, in a statement. Shipley is the fourth platform investment of Levine Leichtman Capital Partners VII LP. Across its funds, the middle-market private equity firm has extensive experience investing in the franchising industry, including prior investments in Tropical Smoothie Cafe, Nothing Bundt Cakes, and Hand & Stone. Shipley represents its 18th franchising investment, with a combined 32 brands across a variety of industries. 'We are excited to leverage our extensive experience investing in the franchising space to pursue various growth initiatives alongside them,' said Greg Flaster, managing director at Levine Leichtman, in a statement. Kirkland & Ellis LLP and DLA Piper served as legal counsel to Levine Leichtman on the transaction. Shipley was advised by North Point and J.P. Morgan. Information for this article was sourced from Levine Leichtman Capital Partners.
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.
Los Angeles Times
28-02-2025
- Business
- Los Angeles Times
Encore Fire Protection Sold to Permira for $1.8B
Encore Fire Protection, a company backed by Los Angeles private equity firm Levine Leichtman Capital Partners, was sold to Permira, a London-based investment firm, for $1.8 billion, including debt. The company specializes in fire safety services such as inspection, installation and maintenance of fire alarms and equipment. In January, Encore Fire Protection recently acquired Fireline Corp., a Mid-Atlantic provider of fire and life safety equipment. Encore was founded in 1983 and primarily works with businesses from Virginia to Northern Maine. Commercial customers include commercial real estate, education, healthcare, hospitals and apartment buildings, among others.
