Transaction provided infusion of capital and helped pay a shareholder dividend.

Levine Leichtman Capital Partners (“LLCP”), a private equity firm headquartered in Los Angeles, California, has announced a recapitalization for Mander Portman Woodward Ltd. (“MPW”), a portfolio company of Levine Leichtman Capital Partners IV, L.P.

“We are pleased to have completed this divided recapitalization for MPW, which provided working capital and paid a shareholder dividend,” said Lauren Leichtman, CEO of Levine Leichtman Capital Partners. 

Ms. Leichtman added, “This is the second time in the last two years MPW was able to recapitalize its balance sheet, demonstrating the company’s strong financial performance and cash generating ability.”

Since 1984, Levine Leichtman Capital Partners has provided entrepreneurs with long-term capital and financial expertise. LLCP makes investments into middle market companies utilizing its structured equity investments approach. Previous investments include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish, and Luminator Technology Group.

MPW is a leading provider of high quality private education for students in their crucial transition from secondary school into UK universities. As a platform that offers courses to over 1,000 students each year at its London, Cambridge and Birmingham campuses, MPW is one of the most well-known and regarded brands in the UK education market.

The senior credit facility was provided by HSBC Bank PLC.