Levine Leichtman Capital Partners has exited its investment in Sequel Youth and Family Services through a recapitalization of the company.
“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,” said Lauren Leichtman, CEO of Levine Leichtman. “We are also pleased to provide a very attractive return to our investors through an exit that underscores our commitment to partnering with exceptional management teams in the middle market.”
Sequel is a national provider of behavioral health services for people with behavioral, emotional, or physical challenges. The company operates 29 programs serving approximately 4,000 children and families from 35 states. Program offerings include long-term residential treatment, short-term impact programs, shelter care, therapeutic group homes and foster care, community-based services, in-home services, and alternative education programs. Sequel was founded in 1999 by Adam Shapiro and Jay Ripley and is based in Huntsville, AL (www.sequelyouthservices.com).
Levine Leichtman Capital Partners manages approximately $6.5 billion of capital through private equity partnerships, distressed debt and leveraged loan funds. The firm is currently making new investments through Levine Leichtman Capital Partners V, LP; Levine Leichtman Capital Partners SBIC Fund, LP; and Levine Leichtman Capital Partners Private Capital Solutions II, LP. The firm is based in Los Angeles with offices in Chicago, Dallas, New York and London (www.llcp.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-2-13
