M&A Deal Summary

CNL Strategic Capital Management Acquires Lawn Doctor

On February 7, 2018, asset manager CNL Strategic Capital Management acquired franchising company Lawn Doctor from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is CNL Strategic Capital Management’s 1st transaction in the Franchising sector.
  • This is CNL Strategic Capital Management’s 2nd transaction in the United States.
  • This is CNL Strategic Capital Management’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2018-02-07
Target Lawn Doctor
Sector Franchising
Buyer(s) CNL Strategic Capital Management
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout

Target

Lawn Doctor

Holmdel, New Jersey, United States
Lawn Doctor is a franchisor of lawn care services, which operates through a nationwide network of over 460 independently-owned franchise locations in 38 states. Lawn Doctor was founded in 1967 and is based in Holmdel, New Jersey.

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Buyer(S) 1

DESCRIPTION

CNL Strategic Capital Management is an investment group that looks to acquire interests in private US-based companies with clear opportunities for growth where it can pass consistent, monthly cash flows to its investor partners. The Firm generally looks to partner with management when pursuing opportunities and targets companies with durable brands, high margins, and insulated products/services. CNL Strategic Capital Management is based in Orlando, Florida.


DEAL STATS #
Overall 2 of 14
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 2 of 8
State (New Jersey) 1 of 1
Country (United States) 2 of 14
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Polyform Products

Elk Grove Village, Illinois, United States

Polyform Products is a developer, manufacturer, and marketer of polymer clay products worldwide. Polyform Products was founded in 1967 and is based in Elk Grove Village, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Auriemma Roundtables

New York, New York, United States

Auriemma Roundtables gives companies access to the right people and data to help them optimize their business practices, maximize efficiency, and navigate complexity. The company gives the tools need to navigate complexity and innovate for the future by providing access to communities, data, and intelligence that drive decision-making. Auriemma Roundtables was formed in 1992 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 31 of 57
Sector (Franchising) 2 of 4
Type (Secondary Buyout) 14 of 30
State (New Jersey) 1 of 2
Country (United States) 30 of 51
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Polyform Products

Elk Grove Village, Illinois, United States

Polyform Products is a developer, manufacturer, and marketer of polymer clay products worldwide. Polyform Products was founded in 1967 and is based in Elk Grove Village, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-15 Bertucci s

Northborough, Massachusetts, United States

Bertucci’s operates Italian casual dining restaurants in the Northeast and Mid-Atlantic regions of U.S. Bertucci’s operates 89 full-service, casual-dining restaurants which serve Italian food and gourmet pizza.

Sell -