Leonard Green & Partners
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Leonard Green & Partners ("LGP") is an American private equity investment firm founded in 1989 and based in Los Angeles. The firm specializes in private equity investments. LGP has invested in over 80 companies since its beginning, including Petco and The Container Store.
|Privately held company|
|Founder||Leonard I. Green|
|Headquarters||Los Angeles, California, United States|
Number of employees
Leonard Green was founded by Leonard I. Green in 1989 after separating from Gibbons, Green and van Amerongen Ltd. (Gibbons Green), a bank which he had co-founded in 1969 with Edward Gibbons and Lewis van Amerongen. Leonard Green died in 2002, leaving the firm to be run by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff.
The firm's predecessor, Gibbons Green was among the earliest practitioners of the leveraged buyout and management buyout. Gibbons Green purchased several companies, including Purex Industries in 1982, Budget Rent a Car from Transamerica in 1986 and Kash n' Karry Food Stores in 1988. The company planned to purchase Argonaut Group Inc in 1987, but withdrew from the buyout.
LGP’s most recent fund, Green Equity Investors VII, L.P. (“GEI VII”), closed in 2016 with $9.6 billion of committed capital.
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- Special to the New York TimesPublished: December 23, 1987 (1987-12-23). "COMPANY NEWS; Gibbons Cancels Argonaut Buyout". New York Times. Retrieved 2013-12-10.
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- Published: May 05, 1989 (1989-05-05). "Gibbons, Green Separation". New York Times. Retrieved 2013-12-10.
- "Leonard Green and Partners | Leading private equity investment firm based in Los Angeles". www.leonardgreen.com. Retrieved 2017-09-07.
- "LESLIE'S POOLMART TAKEN PRIVATE IN $140 MILLION DEAL – New York Times". Nytimes.com. 1997-06-13. Retrieved 2013-12-10.
- "Jo-Ann Stores to Be Acquired by Leonard Green & Partners, L.P. for $61.00 Per Share in Cash | Business Wire". www.businesswire.com. Retrieved 2016-12-02.
- Hirsch, Lauren (2018-08-09). "Private equity giant Leonard Green takes another chance on retail, buying online retailer Shade Store". CNBC. Retrieved 2018-08-17.