Littlejohn & Co is buying Newgistics


Littlejohn & Co, which is expected to be out fundraising soon, is apparently buying e-commerce provider Newgistics.

The Austin-based company is currently in the market with a $105 million loan backing Littlejohn’s buyout, according to Thomson Reuters Loan Pricing Corp. BNP Paribas launched the loan earlier this month, LPC said.

Equity accounts for more than 50 percent of the capital structure, Standard & Poor’s Leveraged Commentary & Data service reported earlier.

Newgistics provides e-commerce services such as web design, implementation, integration, hosting and support for retailers.

The investment in Newgistics comes from Littlejohn’s fourth fund, an FTC filing dated Nov. 21 said. Fund IV collected $1.34 billion in 2010. The pool was generating a 1.33x total value multiple and a 16.9 percent internal rate of return as of June 30, 2013, according to information from the Oregon Public Employees Retirement Fund.

Littlejohn is currently out talking to investors about launching its fifth fund with a potential target of $1.5 billion, peHUB has reported. The firm could launch its Fund V by the end of the year, or early next year.

The firm, founded by Angus Littlejohn and Michael Klein in 1996, invests in middle-market companies undergoing changes in capital structure, strategy, operations or growth.

Officials for Newgistics could not be reached for comment. A Littlejohn spokesman declined comment.

Photo courtesy of Shutterstock

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