Sage Equity Investors/LGP Lead Single-Asset Continuation Fund for PlayCore (Court Square-backed)
November 24, 2024
Court Square Capital Partners closed a single-asset continuation fund for PlayCore Group with Sage Equity Investors acting as the sole lead investor and capitalized primarily by funds managed by Leonard Green & Partners. The transaction provided liquidity options for existing investors while allowing PlayCore management to remain significant equity holders and Court Square to continue as the control investor; the new capital will support PlayCore's organic growth and future M&A.
- Buyers
- Sage Equity Investors, L.P., Leonard Green & Partners, L.P.
- Targets
- PlayCore Group, Inc.
- Sellers
- Existing investors
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Transaction Type
- Recapitalization
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