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Levine Leichtman Capital exits Dexter Magnetic

Levine Leichtman Capital Partners said Monday it closed the sale of Dexter Magnetic Technologies to Robert Family Holdings Inc. Financial terms weren’t announced. Elk Grove Village, Illinois-based Dexter designs, makes and provides highly-engineered magnetic solutions. Lazard Middle Market LLC advised Dexter.


LOS ANGELES, CA–(Marketwired – Mar 2, 2015) – Levine Leichtman Capital Partners (“LLCP”) announced today that it has completed the sale of Dexter Magnetic Technologies, Inc. (“Dexter” or the “Company”) to Robert Family Holdings, Inc. (“RFH”).
Dexter, headquartered in Elk Grove Village, IL, is a leading designer, manufacturer and provider of mission-critical, highly-engineered magnetic solutions. These complex, proprietary magnetic product assemblies are developed leveraging Dexter’s fully integrated design, engineering, optimization and manufacturing capabilities. Dexter serves a diverse set of end-markets with exceedingly high spec-thresholds including: industrial, medical, aerospace & defense, semiconductor, security and oil & gas.
Lauren Leichtman, CEO of LLCP, said, “We are very pleased with the outcome of this investment. The management team worked tirelessly to successfully grow the business through new product development, cutting edge engineering and expansion of the Company’s customer base. Dexter has a bright future ahead and we wish the management team and Robert Family Holdings continued future success.”
Bob Brinley, president of Dexter, commented, “LLCP has been a tremendous partner by supporting our growth and key strategic initiatives. Their guidance and execution were truly invaluable to the Dexter management team over the course of the past seven years. We will sincerely miss working with the LLCP team but we are excited to enter our next phase of growth with RFH.”
Lazard Middle Market LLC served as financial advisor and Honigman Miller Schwartz and Cohn LLP served as legal advisor to Dexter in connection with the sale.
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. For further information, please visit