Littlejohn closes continuation vehicle for Valcourt Group
The Carlyle AlpInvest-led continuation vehicle gives existing investors optional liquidity while Littlejohn continues backing Valcourt's next phase of growth.
Littlejohn & Co acquired Valcourt CV, building envelope maintenance and restoration services for mid- and high-rise properties.
The business serves more than 16,000 properties across the United States, including owners and managers of mid- and high-rise assets.
The recapitalization was structured through a continuation vehicle that gives existing investors optional liquidity, with Littlejohn reinvesting alongside continuation-vehicle investors.
Carlyle AlpInvest served as lead investor, joined by a group of institutional investors, and Littlejohn is acquiring certain minority shareholder interests.