Levine Leichtman Capital Partners said Monday they recapped Mander Portman Woodward Ltd. The transaction provided working capital and helped pay a dividend to shareholders. HSBC Bank PLC provided a senior credit facility. This is the second recap of Mander Portman, which provides private education for students transitioning from secondary school to UK universities.
LOS ANGELES, CA–(Marketwired – May 4, 2015) – Levine Leichtman Capital Partners (“LLCP”), a private equity firm headquartered in Los Angeles, California, has announced a recapitalization for Mander Portman Woodward Ltd. (“MPW”), a portfolio company of Levine Leichtman Capital Partners IV, L.P.
“We are pleased to have completed this divided recapitalization for MPW, which provided working capital and paid a shareholder dividend,” said Lauren Leichtman, CEO of Levine Leichtman Capital Partners.
Ms. Leichtman added, “This is the second time in the last two years MPW was able to recapitalize its balance sheet, demonstrating the company’s strong financial performance and cash generating ability.”
Since 1984, Levine Leichtman Capital Partners has provided entrepreneurs with long-term capital and financial expertise. LLCP makes investments into middle market companies utilizing its structured equity investments approach. Previous investments include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish, and Luminator Technology Group.
MPW is a leading provider of high quality private education for students in their crucial transition from secondary school into UK universities. As a platform that offers courses to over 1,000 students each year at its London, Cambridge and Birmingham campuses, MPW is one of the most well-known and regarded brands in the UK education market.
The senior credit facility was provided by HSBC Bank PLC.
For more information, visit the Levine Leichtman Capital Partners website at http://www.llcp.com .
About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP invests its capital through private equity partnerships and various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P. and Levine Leichtman Capital Partners Europe, L.P. Prior investments by Levine Leichtman Capital Partners include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish, and Jon Douglas Real Estate Group. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.