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L2 Capital divests Environmental Products platform.

Global Banking News-June 12, 2019-L2 Capital divests Environmental Products platform

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Private equity firm L2 Capital Partners LP Tuesday reported the divestiture of LSC Environmental Products LLC (LSC) to an entity formed by Ancor Capital Partners LLC.

LSC, a soil stabilization products platform, reportedly underwent significant corporate management changes, executed a transformational acquisition as well as developed and introduced multiple new products to market.

Through L2's prior investment, LSC significantly grew its core business, increased product line breadth, expanded end markets served as well as positioned the business to achieve double-digit annual growth rates.

Delancey Street Partners served as financial advisor and Pepper Hamilton served as legal counsel to L2. The financial terms of the sale were not disclosed.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Jun 12, 2019
Words:134
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