Levine Leichtman Capital Partners (LLCP) has announced it has partnered with management to acquire Caring Brands International (CBI).
LLCP, based in Los Angeles, is a PE firm that has managed approximately $7.0 billion of institutional capital since its inception in 1984. LLCP invests in middle market companies located in the United States and Europe.
CBI, based in Sunrise, Fla., is a franchisor of home healthcare services providing services under three brands: Interim HealthCare in the United States, Bluebird Care in the United Kingdom and Ireland, and Just Better Care in Australia.
The Halifax Group had previously announced it sold CBI.
The Halifax Group, with offices in Washington, D.C.; Dallas, and Raleigh, N.C., is a PE firm that partners with founders and managers of lower middle-market businesses with total enterprise values generally between $30 million and $125 million.
No financial terms were disclosed.