M&A Deal Summary

Levine Leichtman Capital Partners Acquires CiCi s Pizza

On November 3, 2003, mezzanine finance firm Levine Leichtman Capital Partners acquired franchising company CiCi s Pizza for 90M USD

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 1st transaction in the Franchising sector.
  • This is Levine Leichtman Capital Partners’ largest (disclosed) transaction.
  • This is Levine Leichtman Capital Partners’ 10th transaction in the United States.
  • This is Levine Leichtman Capital Partners’ 1st transaction in Texas.
Investment Fate
  • CiCi s Pizza was sold to a consortium of financial buyers in 2007.
  • CiCi s Pizza was sold to a consortium of financial buyers in 2016.
  • CiCi s Pizza went bankrupt in 2021.
  • CiCi s Pizza was sold to a financial buyer in 2021.

M&A Deal Summary
Date 2003-11-03
Target CiCi s Pizza
Sector Franchising
Buyer(s) Levine Leichtman Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 90M USD

Target

CiCi s Pizza

Coppel, Texas, United States
CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas.

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Buyer(S) 1

Buyer

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 10 of 88
Sector (Franchising) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 5 of 30
State (Texas) 1 of 10
Country (United States) 10 of 71
Year (2003) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-24 Simula

Arlington, Virginia, United States

Simula, Inc. makes high-tech products designed to protect people in vehicles. As a research firm, Simula helps draft safety requirements for civil and military air transports; as a manufacturing firm, the company designs products to meet the new requirements. The company's business is split evenly between the military and commercial sectors.

Sell $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Henry

El Segundo, California, United States

Henry is a manufacturer of roofing and roof maintenance products. Henry also manufactures complete lines of driveways coatings, commercial specialty products, and building envelope systems. Henry professionals offer designers, contractors, and building owners a combination of technical experience and a commitment to provide quality products. Henry was founded in 1981 and is based in El Segundo, California.

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