Levine Leichtman gets ‘attractive return’ from Sequel recap


exit_wayout_170sqPrivate equity firm Levine Leichtman Capital Partners (LLCP) has received an “attractive return” from a recapitalisation of its portfolio company Sequel Youth and Family Services.

Sequel provides diversified behavioural health services for people with behavioural, emotional, or physical challenges.

It offers long-term residential treatment, short-term impact programmes, shelter care, therapeutic group homes and foster care, community-based services, in-home services, and alternative education programmes.

LLCP invested an undisclosed amount in Sequel in February 2010.

LLCP CEO Lauren Leichtman said, “The Sequel investment has been very successful for our partners, the management team and all of the company’s stakeholders.

“We are proud of the growth the company has achieved over the past years despite the challenging economic environment and believe it is a testament to the vital services Sequel and its employees provide.

“We are also pleased to provide a very attractive return to LLCP’s investors through an exit that underscores our commitment to partnering with exceptional management teams in the middle market.”

A month ago AltAssets reported that the Beverly Hill-based firm had raised more than $1bn for its fifth fund.

Copyright © 2013 AltAssets