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Coker Capital Advisors Advises Monte Nido on its Sale to Levine Leichtman Capital Partners

 

Charlotte, NC/Atlanta, GA/ New York, NY – Coker Capital Advisors announced today that Monte Nido, a portfolio company of Centre Partners Management LLC (“Centre Partners”), has been acquired by the private equity firm Levine Leichtman Capital Partners (“LLCP”).  Monte Nido is a leading provider of eating disorder treatment programs.  Coker Capital Advisors acted as co-financial advisor to Monte Nido in this transaction. Terms of the transaction were not disclosed.

This transaction represented Coker Capital’s fourth transaction in the eating disorder treatment sector in the past two years. “We were delighted to have another opportunity to work with the team at Coker Capital.” said Vicki Kroviak, Chief Executive Officer of Monte Nido.  “Coker Capital’s unique knowledge of the buyers and valuable insight at critical moments in the transaction were important to the success of our process.”

About Monte Nido

Monte Nido, based in Malibu, California, is a leading provider of treatment for eating disorders and exercise addiction to adults and adolescents. Founded in 1996, the company operates 17 facilities in California, Florida, Massachusetts, New York, and Oregon which collectively offer a full spectrum of treatment alternatives from residential care to day treatment programs.

About Centre Partners Management

Centre Partners, founded in 1986, is a leading private equity firm with a middle market focus that seeks to make acquisitions and equity investments alongside management teams who have or desire to have a meaningful economic stake in the future success of their businesses. Centre Partners has invested over
$2 billion in more than 70 transactions, partnering with management teams across a broad spectrum of industries.

About Levine Leichtman Capital Partners

LLCP is a Los Angeles-based private investment firm that has managed approximately $7 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. The firm invests its capital through private equity partnerships and various debt and leveraged loan funds. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London, and The Hague.

About Coker Capital Advisors

Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm has offices in Atlanta, Charlotte, and New York. The firm’s website is www.cokercapital.com.