Debevoise Advises Littlejohn & Co. in Minority Investment from Goldman Sachs Alternative Investments & Manager Selection Group

17 August 2016

Debevoise & Plimpton LLP advised Littlejohn & Co., LLC, a private investment firm, in a minority investment made by Goldman Sachs Alternative Investments & Manager Selection (AIMS) Group. The investment was made through Goldman's AIMS Petershill program. AIMS Petershill purchased a passive, non-voting, primary stake in Littlejohn representing less than a 10% equity interest. The investment follows a 17-year relationship between AIMS and Littlejohn.

Specific terms of the transaction are not being disclosed. None of the AIMS Petershill capital is being distributed, and all proceeds from the investment will be retained by Littlejohn and used for the continued growth of its core private equity, special situations and performing credit strategies.

Littlejohn & Co. is a private equity firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm was formed in 1996, is based in Greenwich, Connecticut and has over $4 billion under management.

The Debevoise team was led by partner Jordan C. Murray and included partners Peter A. Furci and Kevin M. Schmidt, counsel Rafael Kariyev and associates Carrie M. VanFleet, Joseph M. BinderZhiyan Cao and Tarik A. Elhussein.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.