Levine Leichtman Capital Partners (LLCP) announced today that it has exited its investment in Sequel Youth and Family Services, LLC (“Sequel”) through a recapitalization of the company.
Sequel is a leading national provider of diversified behavioral health services for people with behavioral, emotional, or physical challenges. The Company currently operates 29 programs serving approximately 4,000 children and families from 35 states. The Company’s 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.
“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 LLCP. “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.”
Levine Leichtman Capital Partners is a Los Angeles, California-based investment firm that manages approximately $6.5 billion of institutional investment capital through private equity partnerships, distressed debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., and Levine Leichtman Capital Partners Private Capital Solutions II, L.P. Prior investments by Levine Leichtman Capital Partners include Interdent, CiCi’s Pizza, Hackney Ladish, Jon Douglas Real Estate Group, Overhill Farms and Quizno’s.© 2020 Levine Leichtman Capital Partners. All rights reserved.