Levine Leichtman Capital Partners' Portfolio Company Mander Portman Woodward Completes Acquisition of Justin Craig Education
LOS ANGELES, Oct. 30, 2014 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that Mander Portman Woodward Limited ("MPW"; www.mpw.co.uk), a portfolio company of Levine Leichtman Capital Partners IV, L.P., has successfully completed the strategic acquisition of Justin Craig Education ("Justin Craig"), one of the United Kingdom's leading exam preparation and tutoring businesses.
The addition of Justin Craig to MPW's educational offerings and revision courses will allow Justin Craig to leverage MPW's resources and expertise to accelerate growth and bring the Justin Craig brand into new schools and markets throughout the UK.
Lauren Leichtman, Co-Founder and CEO of LLCP, commented, "The Justin Craig acquisition is an important strategic addition to the MPW platform, which will broaden the company's educational offerings and provide yet another growth avenue for MPW. The transaction will be highly accretive and will provide value to all of MPW's stakeholders."
Nigel Stout, MPW's Chief Executive Officer, commented, "We are delighted to be welcoming Simon Williamson, Anu Jagota and the rest of the Justin Craig team to MPW. Under their leadership, Justin Craig has developed a growing holiday revision and schools intervention business underpinned by an excellent brand and strong KPI management. JCE will be a terrific fit with MPW's existing Easter Revision business as we help support its continued growth into new schools and regions."
About Mander Portman Woodward
MPW, founded in 1973 and based in London, UK, 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 company provides educational offerings to both domestic and international students who plan to continue their education at prominent universities in the UK. Within each program, MPW has a long history of providing a premium educational experience and industry-leading educational outcomes.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners is a private investment firm with offices in Los Angeles, New York, Dallas, Chicago and London. LLCP manages approximately $7.0 billion of institutional capital for investment in middle market companies in both the U.S. and UK. LLCP invests through private equity partnerships and various 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, L.P. Prior investments by Levine Leichtman Capital Partners include Santa Cruz Nutritionals, CiCi's Pizza, Hackney Ladish, Jon Douglas Real Estate Group, and Luminator Technology Group. For further information please see www.llcp.com.
SOURCE Levine Leichtman Capital Partners
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