M&A Deal Summary

Levine Leichtman Capital Partners Acquires Club Champion

On February 5, 2019, mezzanine finance firm Levine Leichtman Capital Partners acquired consumer products company Club Champion from Summit Partners

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 7th transaction in the Consumer Products sector.
  • This is Levine Leichtman Capital Partners’ 57th transaction in the United States.
  • This is Levine Leichtman Capital Partners’ 4th transaction in Illinois.

M&A Deal Summary
Date 2019-02-05
Target Club Champion
Sector Consumer Products
Buyer(s) Levine Leichtman Capital Partners
Sellers(s) Summit Partners
Deal Type Secondary Buyout
Advisor(s) North Point Advisors LLC (Financial)

Target

Club Champion

Willowbrook, Illinois, United States
Club Champion is one of the largest premium custom golf club fitting retailers in the world, with more than 45 locations across the United States. Club Champion uses highly trained fitters and the latest in ball flight measuring technology to deliver a Tour-quality fitting experience using an unbiased approach with the goal of producing longer, more accurate shots to lower golfers’ scores. Club Champion was founded in 2010 and is based in Willowbrook, Illinois.

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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 64 of 88
Sector (Consumer Products) 7 of 7
Type (Secondary Buyout) 20 of 33
State (Illinois) 4 of 5
Country (United States) 57 of 71
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 SK AeroSafety Group

Wokingham, United Kingdom

SK AeroSafety Group specializes in the inspection, testing, maintenance and repair of critical passenger safety equipment found on all commercial and private aircraft worldwide. Examples of equipment serviced by the Company include life vests, fire extinguishers, oxygen masks, oxygen cylinders, evacuation slides, and life rafts. SK AeroSafety supports a diversified and global customer base of over 700 airlines, component service providers, maintenance and repair organizations (MRO) and OEMs, and has locations in The Netherlands, United Kingdom, United States, Malaysia, and Dubai. SK AeroSafety Group was founded in 2011 and is based in Wokingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 FASTSIGNS

Carrollton, Texas, United States

FASTSIGNS is a franchisor of signage and visual graphics products and services, serving more than 650,000 businesses. The Company is 100% franchised, with more than 700 locations worldwide. FASTSIGNS locations sell a broad set of graphics-related products, including signs, custom visual communications, interior décor, architectural signage, vehicle graphics, and digital signs, and offer a variety of value-added services, including consulting, surveying, permitting, and installation. FASTSIGNS was founded in 1985 and is based in Carrollton, Texas.

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 235 of 285
Sector (Consumer Products) 7 of 7
Type (Secondary Buyout) 41 of 59
State (Illinois) 8 of 9
Country (United States) 211 of 246
Year (2019) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Aeryon Labs

Waterloo, Ontario, Canada

Aeryon Labs, Inc. is the premier manufacturer of small Unmanned Aerial Systems (sUAS) and mission control software. Aeryon Labs is based in Waterloo, Ontario.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 US Renal Care

Plano, Texas, United States

US Renal Care is a provider of outpatient treatment centers for persons suffering from chronic and acute renal disease. The company serves more than 25,000 patients in 335 dialysis facilities in 32 states and the Territory of Guam. US Renal Care was founded in 2000 and is based in Plano, Texas.

Buy -
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