Riordan Lewis & Haden | Equity Partners Announces the Recapitalization of its portfolio company, Creative Circle RLH completes its second liquidity event of 2012 and the second exit from its RLH Investors II fund.
LOS ANGELES, Oct. 4, 2012 /PRNewswire/ -- Riordan Lewis & Haden | Equity Partners (RLH) is pleased to announce that our portfolio company, Creative Circle, has been recapitalized by Morgan Stanley Global Private Equity. This transaction provided a very favorable financial outcome for RLH's investors while affording the Creative Circle management team the opportunity to continue their global growth strategy in partnership with a new investor. Creative Circle, based in Los Angeles, delivers talent solutions focused on advertising, marketing, and digital/interactive professionals for major advertising agencies, marketing firms, and enterprise clients.
We have been privileged to work with a superb leadership team at Creative Circle that achieved a three-fold increase in revenue and an even more rapid rise in EBITDA since 2009, entirely through organic growth. RLH congratulates the Creative Circle organization on their accomplishments and wishes them continued great success in the future.
Riordan, Lewis & Haden is a leading private equity firm based in Southern California which invests in high growth, lower middle market, enterprises. Focused on business services, healthcare, and government services, RLH has achieved a 30-year track record of consistent success by partnering with entrepreneurs to build significant high growth companies. RLH provides capital and assists portfolio company management teams as they navigate the opportunities and challenges of rapid growth. The firm currently manages over $600 million of assets and is actively seeking new portfolio companies.
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