Court Square Capital Partners, leading U.S. middle market private equity firm, announced on November 25 the successful closing of a single-asset continuation fund to continue its partnership with PlayCore Group, a market leading provider of multi-brand playground equipment and recreation products. Sage Equity Investors, L.P. acted as the Sole Lead Investor and provided incremental capital commitments to support PlayCore’s future organic growth initiatives and M&A. Sage is capitalized primarily by funds managed by Leonard Green & Partners, L.P. (“LGP”) and a group of its co-investors. Ropes & Gray advised Leonard Green & Partners, L.P. (“LGP”) in this transaction.

The transaction offered existing investors the option to generate full or partial liquidity at an attractive return as well as the ability to roll their existing interests. PlayCore’s management team will remain a significant investor in the Company.

The Ropes & Gray team included alternative asset opportunities partner Isabel Dische, who also serves as practice chair, and tax partner Dan Kolb.