Levine Leichtman Capital Partners (LLCP) has announced a management succession plan that names Matthew Frankel and Michael Weinberg as managing partners. LLCP was founded in 1984 and its co-founders – Arthur Levine and Lauren Leichtman – will remain with the firm as co-chairpersons of its executive and investment committees.
In their new roles, Messrs. Frankel and Weinberg will be responsible for LLCP’s global investment activities, including deal origination, sector strategy and portfolio management.
“After nearly two years of planning, we are excited to move forward with our succession plan that creates a new senior leadership team to ensure the future success of LLCP,” said Mr. Levine and Ms. Leichtman in a released statement. “Matthew and Michael have demonstrated outstanding investment acumen, leadership capabilities and strategic focus. Their deep transaction experience and highly developed investment skills make them thoroughly qualified to lead the firm as managing partners.”
Other parts of LLCP’s new succession plan include:
- Andrew Schwartz, an LLCP partner, will also have an active role in managing the activities of the investment team.
- Stephen Hogan and David Wolmer have been promoted to executive officers of LLCP’s management company and are responsible for managing all day-to-day operations and global business affairs. Mr. Hogan has been promoted to president and co-chief operating officer and will continue in his current role as chief financial officer. Mr. Wolmer has been promoted to partner and co-chief operating officer and will continue in his role as general counsel and chief compliance officer.
- Micah Levin and Matthew Rich have been promoted to senior managing director and will participate actively in the management and oversight of LLCP’s investment team, workflow delegation, due diligence, and transaction execution.
“LLCP has been, and will continue to be our life’s work,” added Mr. Levine and Ms. Leichtman. “We remain deeply committed to LLCP and will continue to devote all of our business time and efforts towards the firm’s success and that of its Investment Partnerships. We are extremely grateful for the continued support of our investment partners and believe that our new leadership team is well-positioned to continue creating value on their behalf.”
LLCP invests in middle-market companies located in the United States and Europe. Sectors of interest include consumer and branded products, franchises, business services, healthcare, education, engineered products and light manufacturing. The firm has offices in Los Angeles, New York, Chicago, Charlotte, London, Stockholm, and The Hague.
Private Equity Professional | July 9, 2020
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