Keystone Automotive Recaps with help of Platinum Equity, Littlejohn & Co.

Keystone Automotive Operations Inc., the Pennsylvania-based maker of specialty automotive equipment and accessories, has reached agreements with affiliates of Platinum Equity and Littlejohn & Co. to reduce its outstanding debt by $295 million. Kirkland & Ellis, Miller Buckfire & Co., and FTI Consulting provided advice to Keystone; Willkie Farr & Gallagher provided advice to the PE firms.

Littlejohn Exits Van Houtte with $902M Sale

Littlejohn & Co. has completed its sale of coffee roaster and distributor Van Houtte. The investment firm, based in Greenwich, Conn., sold the company to publicly traded Green Mountain Coffee Roasters for 915 million Canadian dollars ($902 million). Littlejohn took Van Houtte private in a 2007 deal valued at 600 million Canadian dollars. Van Houtte is based in Montreal.

Littlejohn Buys Henniges Automotive From Wynnchurch Capital

Greenwich, Conn.-based Littlejohn & Co. has acquired Henniges Automotive Holdings from Wynnchurch Capital Partners. Financial terms of the deal were not released. Henniges, based in Farmington Hills, Mich., manufactures automotive sealing systems for doors, windows and trunks. Wynnchurch Capital is based in Rosemont, Illinois, and has more than $1 billion under management.

Littlejohn & Co. Closes $1.34 Billion Fourth Fund

Littlejohn & Co. has closed its fourth fund with $1.34 billion, exceeding the firm’s original target of $1.25 billion. Roughly 80% of the capital in Littlejohn Fund IV L.P. will go toward control investments, with the remainder invested in distressed opportunities, the firm said. Park Hill Group served as placement agent for Greenwich, Conn.-based Littlejohn.

Littlejohn Completes CTI Foods Purchase

Littlejohn & Co. has completed its acquisition of CTI Foods Inc. from CIC Partners. No financial terms were disclosed. CIC Partners formed CTI Foods in 2003, via the acqusition and merger of SSI Food Services and S&S Foods LLC from J.R. Simplot Company. The Wilder, Idaho-based company already had a processing facility in California, and later would […]

CTI Foods In Talks To Switch Sponsors

Littlejohn & Co. is in talks to buy CTI Foods Inc. from CIC Partners, according to a recent list of transactions granted early termination of the HSR waiting period. No pricing terms were disclosed.

Both Littlejohn and CIC Partners declined comment, although a source tells me that “this is far from done.”

CIC Partners formed CTI Foods in 2003, via the acqusition and merger of SSI Food Services and S&S Foods LLC from J.R. Simplot Company. The Wilder, Idaho-based company already had a processing facility in California, and later would add a couple in Texas, in order to provide frozen, fresh and precooked food products to restaurant chains like Wendy’s and Taco Bell.

Latham International Files for Bankruptcy

NEW YORK (Reuters) – Latham International, which makes swimming pools and parts such as liners, steps and ladders, said on Friday that a bankruptcy court approved a debt restructuring plan that will put the company into the hands of its lenders. Latham said it expects to come out of bankruptcy during the next few days. […]

Fundraising Updates: Oaktree, Adams St., Harbert, Peninsula, Littlejohn…

The following six fundraising updates have been culled from SEC filings:

Oaktree Capital has raised $425.8 million to invest in mortgage-backed securities through the government’s PPIP plan. The fund, called Oaktree PPIP Private Fund, L.P., has 39 investors, which includes Arctic Slope PPIP Private Fund GP, L.P., a contractor which represents the Alaska Native Arctic Slope Inupiat. The $425.8 million likely includes capital raised for a parallel offshore fund called Oaktree PPIP Private Fund (Cayman), L.P., which accumulated $181 million in commitments, according to a separate SEC filing.

This one has been reported already, but in case you missed it: Littlejohn & Co. has held a second close on its fourth fund with $616.5 million in commitments. The firm is using Park Hill as a placement agent. The firm held a first close in September with around $400 million. The fund has a curious target figure of $1,323,529,412, which some reports have said is a hard cap while the actual target is $1.25 billion. If the target is reached, the fund would be a significant jump for Littlejohn & Co., which is coming off of an $850 million third fund. That vehicle initially had only $650 million in commitments, but raised an additional $200 million in 2006. According to information from Oregon Public Employee’s Retirement Fund, Littlejohn Fund II has returned 1.48x its money.

Littlejohn Business Adds On

The Kenan Advantage Group, Inc., a logistics provider to the petroleum industry, completed its acquisition of the assets of Washington-based Reinhard Transportation. Kenan Advantage Group is backed by Littlejohn & Co, which purchased the company from Sterling Investment Partners in 2005.

Littlejohn & Co. Chipping Away At a Big Fourth Fund

Littlejohn & Co. has closed on $398 million from 12 investors toward its fourth fund, according to a regulatory filing. The Greenwich, Conn.-based turnaround firm came to market with Littlejohn Fund IV LP in January and raised $328 million with an additional $70 million for a parallel fund. The fund has a curious target figure of […]

Court Square Completes Wyle Holdings Acquisition

Court Square Capital Partners has completed its acquisition of Wyle Holdings Inc. from Littlejohn & Co. for an undisclosed amount. Wyle is an El Segundo, Calif.-based provider of engineering, professional and information technology services to military and civilian government agencies. It was acquired by Littlejohn in 2003, and currently generates approximately $800 million in annual […]

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