Levine Leichtman in Mander Portman Woodward dividend recap

The recapitalisation provided the company with additional working capital and paid out a dividend to the Levine Leichtman Capital Partners IV vehicle. HSBC provided the senior debt facility.

This marks the second time the company has been recapitalised since being taken over by LLCP less than three years ago.

In July 2012, LLCP acquired private education provider Mander Portman Woodward  for $85.3m from Apollo Global Management. The deal marked the first platform investment for the GP in Europe.

Company
Established in 1973, Mander Portman Woodward is a provider of private education services. Headquartered in London, the company has additional offices in Cambridge and Birmingham. It generated revenues of approximately $21.8m in 2011.

People
Lauren Leichtman is CEO of LLCP.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• UK / Ireland
• Refinancing