Levine Leichtman Capital Partners Sells Monte Nido
Levine Leichtman Capital Partners has sold its portfolio company Monte Nido & Affiliates, a provider of treatment programs and services to adults and adolescents with eating disorders, to funds managed by Revelstoke Capital Partners.
“We are very proud of what Monte Nido has accomplished since we invested in the company. The world-class management team tripled the number of facilities through de novo openings and strategic acquisitions, while never wavering in its commitment to the highest quality treatment and industry-leading clinical outcomes. The business is exceptionally positioned for continued growth, and we wish Candy and the entire management team continued success with their new investor,” said LLCP Partner Matthew Rich.
The sale of Monte Nido is LLCP’s eleventh exit since the beginning of 2021, following Hand & Stone, Mountain Mike’s Pizza, CJ Fallon, HomeVestors, West Academic, Best Lawyers, Caring Brands, FlexXray, Trinity Consultants and Nothing Bundt Cakes. Monte Nido was an investment of Levine Leichtman Capital Partners Fund V, L.P. Harris Williams served as the lead financial advisor and Kirkland & Ellis and Polsinelli served as legal counsel to Monte Nido in connection with the sale.
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