Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, has acquired Kilwin’s Quality Confections, Inc and Kilwins Chocolates Franchise, Inc, a franchisor, retailer, manufacturer and distributor of premium quality chocolate, ice cream and confectionary products.
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has acquired Kilwin’s Quality Confections, Inc and Kilwins Chocolates Franchise, Inc, a franchisor, retailer, manufacturer and distributor of premium quality chocolate, ice cream and confectionary products.
Robin and Don McCarty, the majority owners of Kilwins since 1995, will retain an ownership interest.
Financial terms of the transaction, the third platform investment through the LLCP Lower Middle Market Fund III, have not been disclosed.
Honigman LLP and Greenberg Traurig, LLP served as legal counsel to LLCP on the transaction, while Kilwins was advised by BDO Capital Advisors, LLC and Varnum LLP.
