Levine Leichtman Capital Partners has realized a 27 percent IRR and 2.3x multiple on its investment in Consumer Portfolio Services. Further details of the transaction were not disclosed.
Levine Leichtman invested in the business six years ago. Consumer Portfolio Services is a specialty finance company that provides automobile financing to individuals with past credit problems, low incomes or limited credit histories.
Levine Leichtman is making new investments through Levine Leichtman Capital Partners V, Levine Leichtman Capital Partners SBIC Fund and Levine Leichtman Capital Partners Private Capital Solutions. Investments by the firm include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish and Jon Douglas Real Estate Group.
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