LONDON, July 10, 2024 /PRNewswire/ -- Levine Leichtman
Capital Partners ("LLCP"), a global private equity firm, announced
today that it has agreed to invest in Improve International
Group ("Improve International" or the "Company") in partnership
with its management team. Terms of the transaction were not
disclosed.
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Founded in 1998, Improve International is the world leader in
veterinary postgraduate training and education. Founded by vets for
vets, the Company is committed to elevating veterinary practice
worldwide, giving veterinary professionals the confidence and
skills to deliver compassionate animal care. Improve International
works with veterinary professionals globally to upskill them, while
also providing content and training for ongoing Continuing
Professional Development requirements. Improve International
leverages state-of-the-art training facilities with engaging
digital content to deliver courses in 20 countries and in 9
different languages. Headquartered in Swindon, UK, the Company has more than 170
employees, with offices in Germany, Spain, Portugal, the United
States and France.
Improve International will continue to be led by CEO
Heber Alves and the existing
management team.
Heber Alves commented, "Our
partnership with LLCP comes at a very exciting time for Improve
International. We are proud of the offering we have built and are
excited to continue to broaden access to veterinary professionals
across the world, so they can enjoy their lifelong learning
journey, and benefit greatly from its many rewards along the way.
LLCP's deep experience in education and medical training will be
highly valuable to us as we enter the next phase of growth."
Josh Kaufman, Partner and Head of
Europe at LLCP, said, "We are
delighted to partner with Improve International. The management
team has built a leading education business that is well positioned
to service the growing needs of the veterinary industry globally.
We are excited to help them scale the business through organic
initiatives, including new course development and geographic
expansion, as well as through strategic M&A."
Improve International will be the seventh investment of Levine
Leichtman Capital Partners Europe II, SCSp. Across its funds, LLCP
has invested extensively in education, including GL Education,
Skill Dynamics, Therapeutic Research Center, Squla, CJ Fallon and
Mander Portman Woodward. LLCP has also invested in the veterinary
space through Suveto in the U.S.
LLCP was advised by DC Advisory (debt), KPMG (financial),
Deloitte (tax), Willkie Farr &
Gallagher (legal) and CIL (commercial).
LLCP has acquired its stake in Improve International from lower
middle-market private equity firm RJD Partners and members of the
Company's management team. The vendors were advised by EY (lead
advisory), Capital Law (legal), Strategy& PwC (commercial) and
Deloitte (financial and tax), whilst management advice was provided
by Jamieson (equity terms), K&L Gates (legal) and RSM
(tax).
About Levine Leichtman Capital Partners
Levine
Leichtman Capital Partners, LLC is a middle-market private equity
firm with a 40-year track record of investing across various
targeted sectors, including Business Services, Franchising &
Multi-unit, Education & Training and Engineered Products &
Manufacturing. LLCP utilizes a differentiated Structured Private
Equity investment strategy, combining debt and equity capital
investments in portfolio companies. LLCP believes that by investing
in a combination of debt and equity securities, it offers
management teams growth capital in a highly tailored, flexible
investment structure that can be a more attractive alternative than
traditional private equity.
LLCP's global team of dedicated investment professionals is led
by 10 partners who have worked at LLCP for an average of 19 years.
Since inception, LLCP has managed approximately $14.8 billion of institutional capital across 15
investment funds and has invested in over 100 portfolio companies.
LLCP currently manages $10.2 billion
of assets and has offices in Los
Angeles, New York,
Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
Media Contact: Cathy
Thomas; cthomas@llcp.com
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