Levine Leichtman Capital Partners Enters Into Purchase Agreement With DRI Corporation
LOS ANGELES, April 4, 2012 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP") is pleased to announce that an affiliate has signed a definitive asset purchase agreement with DRI Corporation ("DRI") to purchase substantially all of DRI's operating assets and its worldwide operating subsidiaries including those operating under the Mobitec brand name. Upon successful completion of the sales proceeding, the purchase of the assets will be funded through an existing LLCP portfolio company, Luminator Technology Group. In 2010, LLCP partnered with Luminator's management to acquire Luminator Technology Group, a global supplier of advanced passenger information systems and LED displays for a wide range of applications in metropolitan and commercial transportation systems.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners is a Los Angeles, California-based investment firm that manages approximately $5.0 billion of institutional investment capital through private equity partnerships, distressed debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners IV, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., and Levine Leichtman Capital Partners Deep Value Fund II, L.P. Prior investments by Levine Leichtman Capital Partners include CiCi's Pizza, Hackney Ladish, Jon Douglas Real Estate Group, Overhill Farms and Quizno's.
SOURCE Levine Leichtman Capital Partners
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