M&A Deal Summary

NRT Acquires Jon Douglas Real Estate Services Group

On September 11, 1997, NRT acquired real estate company Jon Douglas Real Estate Services Group from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is NRT’s 1st transaction in the Real Estate sector.
  • This is NRT’s 1st transaction in the United States.
  • This is NRT’s 1st transaction in California.

M&A Deal Summary

Date 1997-09-11
Target Jon Douglas Real Estate Services Group
Sector Real Estate
Buyer(s) NRT
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition

Target

Jon Douglas Real Estate Services Group

Los Angeles, California, United States
Jon Douglas Real Estate Group was the largest residential real estate broker in Los Angeles.

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Buyer(S) 1

Buyer

NRT

Parsippany, New Jersey, United States

Category Company
Sector Financial Services
DESCRIPTION

NRT is the largest residential real estate brokerage company in the nation and 12th largest corporate-owned commercial brokerage. NRT and its affiliated companies, marketing partners and joint ventures provide mortgage, title, insurance, escrow, warranty, relocation and concierge services to NRT's family of companies. We own and operate companies in more than 35 of the nation?s largest metropolitan markets, with approximately 800 sales offices, 5,700 employees and 48,000 sales associates in our extended family.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1997 M&A 1 of 1

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 1 of 59
Sector: Real Estate M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 16
State: California M&A 1 of 11
Country: United States M&A 1 of 52
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-01 Quiznos

Denver, Colorado, United States

Quiznos is engaged in franchising and operating quick-service restaurants commonly known for toasted sub-style sandwiches with approximately 4,000 operating units around the world. Quiznos was founded in 1981 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-08 Consumer Portfolio Services

Las Vegas, Nevada, United States

Consumer Portfolio Services is an independent consumer finance company with over $1 billion of automobile contracts. Consumer Portfolio Services was incorporated in 1991 and is headquartered in Las Vegas, Nevada.

Buy -