SOURCE: Levine Leichtman Capital Partners

July 20, 2016 07:30 ET

Levine Leichtman Capital Partners Sells Revenew International, LLC

LOS ANGELES, CA--(Marketwired - Jul 20, 2016) -  Levine Leichtman Capital Partners ("LLCP") announced today that it has completed the sale of Revenew International, LLC ("Revenew" or the "Company") to Sentinel Capital Partners ("Sentinel").

Revenew, headquartered in Houston, TX, is the leading provider of cost recovery and cost containment services for Fortune 500 clients across several industries including energy and power. Revenew offers a comprehensive suite of services including complex contract compliance and accounts payable reviews that address acute needs across clients' entire procurement-to-payment cycle. Revenew's superior service delivery and fee structure provide a unique and highly compelling value proposition to its clients.

Lauren Leichtman, CEO of LLCP, said, "We are very pleased with the outcome of this investment. It has been very successful for LLCP, our partners and for the Company's management team. Revenew has a bright future ahead and we wish the management team and Sentinel continued success."

Kris Westbrook, President of Revenew, commented, "LLCP has been a tremendous partner by supporting our key strategic and growth initiatives. Their guidance and execution were truly invaluable to the Revenew management team. We will sincerely miss our partnership with the LLCP team, but we are excited to enter our next phase of growth with Sentinel."

Harris Williams & Co. served as financial advisor. Kirkland & Ellis LLP served as legal advisor to LLCP and Revenew in connection with the sale.

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About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.5 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners Lower Middle Market Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.

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