Levine Leichtman Capital Partners Exits Quizno’s Investment

Press Release | Source: Levine Leichtman Capital Partners, Inc.

LOS ANGELES, Oct. 21, 2006 – Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, announced today that it has successfully exited it’s investment in Quizno's. In December 2000, LLCP invested in Quizno’s to fund the repurchase of equity by the founding shareholders through a going-private transaction. During LLCP’s investment period, Quizno’s franchised units grew from approximately 1,000 units to nearly 3,500 units in 15 countries. In May 2004, Quizno’s was inducted into the U.S. Small Business Administration’s Hall of Fame.

Levine Leichtman Capital Partners is a Los Angeles, California private equity firm that manages in excess of $1 billion in institutional capital. Founded in 1984, the investment firm makes structured equity investments in industry leading middle market companies owned and managed by entrepreneurs. The firm enhances shareholder value by providing significant post investment financial assistance to its portfolio companies. Successful investments by Levine Leichtman Capital Partners include Media Arts Group Inc., Jon Douglas Real Estate Services Group, Inc., Consumer Portfolio Services, Inc., the Quizno's Corporation and CiCi's Pizza, Inc.

Arthur E. Levine, founding Managing Director of Levine Leichtman Capital Partners remarked, "Partnering with Quizno’s CEO and founder Rick Schaden has been very rewarding. We are very pleased to have been a part of the Quizno’s success story. It’s a great example of our investment strategy of backing an entrepreneurial management team that is motivated by significant equity ownership.”

FOR FURTHER INFORMATION
LEVINE LEICHTMAN CAPITAL PARTNERS:
Jeffrey Kabot
(310) 275-5335