Return to search

LLCP acquires Capsa

Levine Leichtman Capital Partners has acquired Portland, Oregon-based Capsa, a provider of mobile workstations, medication management products and pharmacy automation solutions for healthcare settings. No financial terms were disclosed for the transaction that was done in partnership with Capsa management. Kirkland & Ellis LLP advised LLCP on the deal.


LOS ANGELES, Sept. 11, 2017 (GLOBE NEWSWIRE) — Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced that it has partnered with management to acquire Capsa Healthcare (“Capsa” or the “Company”). Capsa is a leading provider of mobile workstations, medication management products, and pharmacy automation solutions for healthcare settings worldwide. The Company’s workflow solutions increase efficiency for over 3,000 customers, including leading health systems, senior care communities and major retail and institutional pharmacies. Capsa is headquartered in Portland, OR and has additional production facilities in Columbus, OH and Agua Prieta, Mexico.

The investment in Capsa will be the first investment from Levine Leichtman Capital Partners VI, L.P. According to Aaron Perlmutter, Partner of LLCP, “We are excited to partner with Andrew Sherrill, CEO, and the rest of the Capsa management team, who have successfully built a market leading company in an attractive segment of the healthcare industry. We are looking forward to working with Andrew and his team to continue providing innovative solutions to a growing and evolving healthcare landscape.”

The Company’s management team, led by Andrew Sherrill, will acquire a meaningful ownership stake in the Company in connection with the transaction. Andrew Sherrill commented, “My team and I are very excited to partner with LLCP as Capsa seeks to enhance its market-leading position across the healthcare ecosystem. LLCP’s experience across sectors including highly-engineered products and healthcare services – the intersection of which Capsa is situated – as well as LLCP’s operational and deal origination resources, will be critical to the continued growth of the Company.”

LLCP was advised by Kirkland & Ellis LLP. Senior financing was provided by Midcap Financial, NewStar Financial and Madison Capital.

About Levine Leichtman Capital Partners

LLCP is a Los Angeles, California based private investment firm that has managed approximately $9.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners VI, L.P., LLCP Lower Middle Market Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.