Harris Williams & Co. Advises Monte Nido on its Sale to Levine Leichtman Capital Partners

September 3, 2015

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Monte Nido, a leading provider of eating disorder treatment programs, to Levine Leichtman Capital Partners (LLCP). Harris Williams & Co. served as the advisor to Monte Nido, a portfolio company of Centre Partners Management LLC (Centre Partners). The transaction was led by James Clark, Todd Morris, Andy Dixon, Whit Knier and Ricky Ng of Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group.

“We are thrilled to have represented Monte Nido’s shareholders in this transaction. Monte Nido has an unsurpassed track record of delivering the highest quality care to a critical and underserved patient population supported by a long-term, peer-reviewed outcome study unique to the eating disorder treatment market,” said James Clark, a managing director in Harris Williams & Co.’s HCLS Group. “As a result, Monte Nido’s services are highly valued by patients, referral sources and payors and the company is well positioned for continued success and growth in partnership with LLCP.”

Andy Dixon, a director in Harris Williams & Co.’s HCLS Group, added, “The transaction is indicative of the strong interest that we have seen from both strategic and financial acquirers in the behavioral health sector for providers, such as Monte Nido, that achieve superior clinical outcomes for the patients that they serve.”

Monte Nido, based in Malibu, California, is a leading provider of treatment for eating disorders and exercise addiction to adults and adolescents. Founded in 1996, the company operates 17 facilities in California, Oregon, Massachusetts, New York and Florida which collectively offer a full spectrum of treatment alternatives from residential care to day treatment programs.

Centre Partners, founded in 1986, is a leading private equity firm with a middle market focus that seeks to make acquisitions and equity investments alongside management teams who have or desire to have a meaningful economic stake in the future success of their businesses. Centre Partners has invested over $2 billion in more than 70 transactions, partnering with management teams across a broad spectrum of industries.

LLCP is a Los Angeles-based private investment firm that has managed approximately $7 billion of institutional capital since its inception. LLCP invests in middle market companies located in the U.S. and Europe. The firm invests its capital through private equity partnerships and various debt and leveraged loan funds. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s HCLS Group has experience across a broad range of sectors, including alternate site care; healthcare IT; managed care and cost containment services; medical devices, products and distribution; outsourced clinical and practice management services; and outsourced pharma services. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.