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Leonard Green & Partners

North America, California, United States, Los Angeles

Description

Leonard Green & Partners (LGP) is a prominent private equity firm headquartered in Los Angeles, California, established in 1989. The firm is recognized for its focus on control investments in market-leading companies across several key sectors, including consumer, healthcare, and retail. LGP's investment strategy centers on partnering with strong management teams to drive growth and enhance value in established businesses, often through strategic initiatives and operational improvements. Their approach emphasizes a long-term investment horizon, aiming to build sustainable enterprises.

LGP primarily targets companies with significant market positions and strong cash flow generation. The firm's investment philosophy is rooted in identifying businesses that can benefit from their deep industry expertise and extensive network. They are known for their collaborative approach, working closely with portfolio companies to implement growth strategies, which may include organic expansion, strategic acquisitions, and operational efficiencies. This hands-on partnership model is a hallmark of their investment style, aiming to unlock substantial value over their holding period.

The firm's substantial capital base underscores its capacity for significant investments. In 2023, Leonard Green & Partners successfully closed its ninth flagship fund, Green Equity Investors IX, with an impressive $14.75 billion in commitments. This fund is dedicated to investing in large, market-leading companies. Concurrently, they also closed Jade Equity Investors II, a complementary fund focused on middle-market companies, raising $2.75 billion. These fund sizes demonstrate LGP's capability to deploy substantial capital across a diverse range of deal sizes, from significant mid-market transactions to multi-billion dollar enterprise value acquisitions.

With over $75 billion of capital raised since its inception, Leonard Green & Partners has established itself as a leading force in the private equity landscape. Their consistent track record of successful investments and exits across various economic cycles highlights their disciplined investment process and ability to identify compelling opportunities. The firm's strategic focus and robust capital resources position it as a formidable partner for companies seeking growth capital and strategic guidance.

Investor Profile

Leonard Green & Partners has backed more than 26 startups, with 3 new investments in the last 12 months alone. The firm has led 15 rounds, about 58% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Post Ipo Equity, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, France.
  • Strong thematic focus on Health Care, Retail, E-Commerce.
  • Led 2 rounds in the past year.
  • Typical check size: $100M – $2000M.

Stage Focus

  • Private Equity (65%)
  • Post Ipo Equity (27%)
  • Series Unknown (4%)
  • Series B (4%)

Country Focus

  • United States (88%)
  • United Kingdom (4%)
  • France (4%)
  • Canada (4%)

Industry Focus

  • Health Care
  • Retail
  • E-commerce
  • Manufacturing
  • Software
  • Medical
  • Aerospace
  • Sales
  • Cooking
  • Public Safety
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Leonard Green & Partners frequently co-invest with?

Berkshire Partners
North America, Massachusetts, United States, Boston
Co-Investments: 2
Arsenal Capital Partners
North America, New York, United States, New York
Co-Investments: 1
CVC Capital Partners
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 2
Goldman Sachs Asset Management
North America, New York, United States, New York
Co-Investments: 1
Linden Capital Partners
North America, Illinois, United States, Chicago
Co-Investments: 1
Ardan Equity
North America, Illinois, United States, Chicago
Co-Investments: 1
Novo Holdings
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 1
Advent International
North America, Massachusetts, United States, Boston
Co-Investments: 1
AEA Investors
North America, New York, United States, New York
Co-Investments: 1
FG
North America, Florida, United States, Fort Lauderdale
Co-Investments: 1

Which angels does Leonard Green & Partners often collaborate with?

JS
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Leonard Green & Partners?

Fullscript

Ottawa, Ontario, Canada

Fullscript is a supplement dispensing platform and patient adherence tool that supports practitioners at the point of care and beyond.

Health CareInternetMedicalPersonal HealthWellness
Private EquityMay 5, 2025
Pye-Barker Fire & Safety

Alpharetta, Georgia, United States

Pye-Barker Fire & Safety is a construction company providing sprinkler installation & inspections and industrial cleaning services.

Building MaterialConstructionPublic SafetyReal Estate
Private EquityJan 10, 2025
Vital Care

Brentwood, Tennessee, United States

Vital Care specializes in providing infusion therapy services.

Customer ServiceHealth CareMedical
Private EquityAug 1, 2024
MedVet

Worthington, Ohio, United States

MedVet is a veterinary company that offers cardiology, critical care, and emergency medical services.

Emergency MedicineHealth CareMedicalVeterinary
Private EquityJun 25, 2024
RedSail Technologies

Spartanburg, South Carolina, United States

RedSail Technologies is healthcare, pharmacy, and governmental software solutions provider company.

Health CareInformation TechnologySoftware
Private EquityJun 13, 2024
Prometheus Group

Raleigh, North Carolina, United States

Prometheus Platform is a suite of integrated solutions deployed on mobile/desktop that natively extend and enhance your EAM, ERP, or CMMS.

Asset ManagementEnterprise ApplicationsEnterprise Resource Planning (ERP)Enterprise SoftwareSaaSSoftware
Private EquityJun 5, 2024
Williams-Sonoma

San Francisco, California, United States

Williams-Sonoma is a retailer of home furnishings and gourmet cookware that offers products for every room in the house.

CookingFurnitureInterior DesignRetail
Post Ipo EquitySep 25, 2023
HUB International

Chicago, Illinois, United States

HUB International is an insurance brokerage and risk management company offering property, casualty, life, and health insurance services.

InsuranceInsurTechRisk Management
Private EquitySep 15, 2023
HUB International

Chicago, Illinois, United States

HUB International is an insurance brokerage and risk management company offering property, casualty, life, and health insurance services.

InsuranceInsurTechRisk Management
Private EquityApr 28, 2023
AerSale Holdings

Coral Gables, Florida, United States

AerSale Holdings provides aftermarket aircraft, engines and component parts to airlines, leasing companies and OEM/MRO service providers.

AerospaceManufacturingSales
Post Ipo EquityNov 15, 2022