Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that two companies of Levine Leichtman Capital Partners IV, L.P. were recently recapitalized resulting in a significant return of capital to LLCP’s limited partners. 

Tronair, Inc. (“Tronair”; www.tronair.com) successfully raised a $50.0M senior credit facility in May 2012. Proceeds of the transaction were used to refinance existing debt, pay a shareholder dividend, pay related fees and expenses and provide for on-going working capital needs of Tronair. The senior credit facility was provided by Bank of Montreal and Bank of Ireland.

Global Franchise Group, LLC (“GFG”; www.globalfranchise.com) successfully increased its senior credit facility to $63.5M in May 2012. Proceeds of the transaction were used to pay a shareholder dividend and pay related fees and expenses. The senior credit facility was provided by Bank of Montreal and NXT Capital, LLC.

About Tronair

Tronair, based in Holland, Ohio, is the global leader in the design, manufacture, and sale of ground support equipment (“GSE”) for business, commercial and military aircraft.  Tronair‘s broad and innovative product line of GSE, comprised of over 1,000 SKUs, is used by over 300 unique aircraft platforms.  Tronair is the market leader in its core products and market segments, serving leading aircraft OEMs (e.g., Bombardier, Gulfstream, Embraer, Boeing and Airbus), fixed based operators, maintenance and repair providers, corporate hangars, commercial airlines, defense contractors and military airbases around the world.

About Global Franchise Group 

GFG, based in Atlanta, GA, is a strategic brand management company that owns and manages a portfolio of franchised brands in the quick service restaurant industry and the retail footwear and accessories industry.  These brands include Pretzelmaker, Great American Cookies, Marble Slab Creamery, MaggieMoo’s and The Athlete’s Foot.  The Company has over 1,500 franchised locations worldwide, primarily located in the United States, Canada, Latin America and Asia.