Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company Monte Nido & Affiliates (Monte Nido) to funds managed by Revelstoke Capital Partners. Financial terms of the transaction have not been disclosed.
Founded in 1996, Monte Nido is a leading provider of treatment programmes and services to adults and adolescents with eating disorders. The Company operates five respected brands with over 45 facilities across the US that provide a continuum of care encompassing inpatient, residential, partial hospitalisation, and intensive outpatient treatment. Its superior, industry-leading clinical outcomes, quality of staff and individualised approaches underpin its best-in-class clinical reputation.
The sale of Monte Nido is LLCP’s eleventh successful exit since the beginning of 2021, following Hand & Stone, Mountain Mike’s Pizza, CJ Fallon, HomeVestors, West Academic, Best Lawyers, Caring Brands, FlexXray, Trinity Consultants and Nothing Bundt Cakes.
Monte Nido was an investment of Levine Leichtman Capital Partners Fund V.