LOS ANGELES, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has completed the sale of GFG Holding, Inc. (“Global Franchise Group” or the “Company”).
Global Franchise Group, based in Atlanta, GA, is a strategic brand management company that owns and manages a portfolio of franchised and company-owned brands in the food industry. These brands include Great American Cookies®, Round Table Pizza®, Marble Slab Creamery®, Pretzelmaker®, MaggieMoo’s Ice Cream & Treatery®, and Hot Dog on a Stick®. Global Franchise Group has approximately 1,500 franchised and company-owned locations worldwide, primarily located in the United States, Canada, Latin America and Asia. The Company’s financial performance has been exceptional with revenue and EBITDA more than quadrupling over the course of LLCP’s investment.
Lauren Leichtman, CEO of LLCP, said, “The Global Franchise Group investment has been very successful for LLCP and for the Company’s management team, who have worked tirelessly to build the business over the course of our partnership. We are proud to have enhanced the value of Global Franchise Group through various avenues, including acquiring Round Table Pizza and Hot Dog on a Stick, introducing new concepts, and driving menu innovation to increase same store sales. We are very excited for the future of Global Franchise Group and wish the management team continued success.”
Chris Dull, President and CEO of Global Franchise Group, commented, “LLCP has been an excellent partner by supporting our growth and key strategic initiatives. We will miss working with the LLCP team but are very excited to enter our next phase of growth.”
North Point Advisors, LLC and Piper Jaffray & Co. served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Global Franchise Group in connection with the sale.
For more information, visit http://www.llcp.com .
About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based private investment firm that has managed approximately $10.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners VI, L.P., LLCP Lower Middle Market Fund, L.P., Levine Leichtman Capital Partners Europe, L.P. and Levine Leichtman Strategic Capital, LLC. LLCP has offices in Los Angeles, New York, Dallas, Chicago, Charlotte, London, Stockholm and The Hague.