Littlejohn & Co.

Infobox_Company
company_
company_name = Littlejohn & Co.
company_type = Private Ownership
founder = Angus C. Littlejohn Jr.
foundation = 1987
location =
industry = Private Equity
products = Private equity funds, Leveraged buyouts, Distressed securities
assets = $2.3 billion [Funds raised since inception, including annex funds and distressed debt fund raised in 2007]
homepage = [http://www.littlejohnllc.com/ www.littlejohnllc.com]

Littlejohn & Co. is a private equity firm focused on leveraged buyout transactions, leveraged recapitalizations of middle-market companies and distressed securities. The firm tends to focus on companies requiring an operational turnaround particularly in a variety of industrial and service sectors.

The firm is based in Greenwich, Connecticut and was founded in 1996 by Angus C. Littlejohn Jr.

History

In 1996, Angus Littlejohn resigned from Joseph Littlejohn & Levy (today known as JLL Partners) to form a new private investment firm, Littlejohn & Co. JLL underwent significant turnover as the following year co-founder Peter Joseph also left the firm.

Littlejohn traces its roots back to Gilliam Joseph & Littlejohn, a merchant bank founded in 1987 by Angus C. Littlejohn Jr., along with William J. Gilliam and Peter A. Joseph. Littlejohn had previously worked with his two co-founders the Quadrex Corporation, a small New York brokerage firm. In 1988, Paul S. Levy, formerly a managing director, at Drexel Burnham Lambert, focusing on corporate restructurings and exchange offers was recruited to join the firm, which was renamed Gilliam Joseph Littlejohn & Levy and later Joseph Littlejohn & Levy, when Gilliam was forced to leave the partnership in 1989.

Funds raised

Since its founding, Littlejohn has raised thee main private equity funds, as well as an annex fund and a distressed securities fund with investor commitments totaling $2.3 billion:
* 1997 — Littlejohn Fund I ($200 million)
* 1999 — Littlejohn Fund II ($530 million)
* 2005 — Littlejohn Fund III ($850 million)
* 2007 — Littlejohn Fund III add-on ($200 million)
* 2008 — Littlejohn Distressed Securities ($500 million)

Portfolio companies

The following is a selected list of notable companies in which Littlejohn has invested:

*Durakon Industries [ [http://query.nytimes.com/gst/fullpage.html?res=9F07E3DE123BF93AA25755C0A96F958260 DURAKON, MAKER OF TRUCK-BED LINERS, TO BE ACQUIRED] , June 19, 1999]
*Foodbrands America Inc.
*Polymer Corporation [ [http://www.azom.com/News.asp?NewsID=8400 Littlejohn to Buy Intertape Polymer] , May 2, 2007.]
* PSC Inc. [ [http://goliath.ecnext.com/coms2/summary_0199-2244701_ITM PSC Reaches Restructuring Agreement With Littlejohn & Co., LLC; Affiliates of Littlejohn Acquire all Outstanding Debt] . Business Wire, Nov 22, 2002]
* Van Houtte [ [http://www.thestar.com/Business/article/211411 Private equity firm buying Van Houtte: Connecticut-based Littlejohn & Co. plans privatization] , By LuAnn LaSalle of Canadian Press, "The Toronto Star", May 8, 2007, retrieved on May 23, 2007]
*Wyle Laboratories [" [http://www.reuters.com/article/pressRelease/idUS196016+18-Jan-2008+PRN20080118 Littlejohn & Co. Portfolio Company Wyle Announces Acquisition of RS Information Systems] ." Reuters, Jan 18, 2008]

External links

* [http://www.littlejohnllc.com/ Littlejohn & Co.] (company website)

References

* Cowan, Alison Leigh. " [http://query.nytimes.com/gst/fullpage.html?res=950DE7D81338F931A15752C0A96F948260 Divorce, Wall Street Style] ." New York Times, January 22, 1989