Leonard Green & Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Leonard Green & Partners has acquired 10 companies.

Leonard Green & Partners’ most common sectors for investment are retail (24%) and healthcare services (10%). The Firm’s most common investment types include secondary buyout (41%) and going private (19%). In total, Leonard Green & Partners has invested in 27 US states and 6 different countries. Its largest (disclosed) acquisition occurred in 2009 when it acquired IMS Health Holdings for $5.2B.

In the last 3 years, Leonard Green & Partners has exited 10 companies. The Firm’s most common exit type is secondary buyout (30%). Leonard Green & Partners’ largest (disclosed) exit occurred in 2014 when it sold IMS Health Holdings for $10.5B.

Join Mergr to view Leonard Green & Partners’ full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity115
    • M&A Buy Activity77
    • M&A Sell Activity38
  • Total Sectors Invested 29
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 41
  • M&A Advisors 14

Leonard Green & Partners

11111 Santa Monica Blvd., Suite 2000,
Los Angeles, California 90025
United States
(310) 954-0444
www.leonardgreen.com

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Engineering, Financial Services, Healthcare Services, Leisure, Life Science, Manufacturing, Media, Publishing, Restaurants, Retail, Semiconductors

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 500 5,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (3.4/yr) # 60 7 4 4 2 - 77
vol $38.4B $2.4B $3.0B $43.8B
Sell (2.6/yr) # 28 3 3 5 2 - 41
vol $27.0B $300M $27.3B
  118

Most Recent M&A

Company Date Value Type
eCommerce Industries, Inc. (ECi Software Solutions) 2020-11-19 - Secondary Buyout
Fort Worth, Texas · www.ecisolutions.com
Service Logic LLC 2020-11-02 - Secondary Buyout
Charlotte, North Carolina · www.servicelogic.com
WIRB-Copernicus Group, Inc. 2019-11-14 - Recapitalization
Princeton, New Jersey · www.wcgclinical.com
Pye-Barker Fire & Safety, LLC 2019-11-06 - Buyout (LBO, MBO, MBI)
Alpharetta, Georgia · www.pyebarkerfire.com
Press Ganey Holdings, Inc. 2019-06-11 - Secondary Buyout
Wakefield, Massachusetts · www.pressganey.com
TopShop/TopMan 2019-04-12 - Stake Purchase
Tel Aviv, Israel · www.topshop.com
The Wrench Group 2019-04-08 - Secondary Buyout
Melissa, Texas · www.thewrenchgroup.com
Savers, Inc. 2019-03-28 - Sold to Existing Investors
Bellevue, Washington · www.savers.com
Tank Holdings Corp. 2019-03-26 - Secondary Buyout
Ballwin, Missouri · www.tankholding.com
U.S. Renal Care, Inc. 2019-02-13 - Secondary Buyout
Plano, Texas · www.usrenalcare.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aspen Dental Management, Inc. 2017-06-13 ClearChoice Management Services LLC 2020-11-16 1
East Syracuse, New York · www.aspendental.com Greenwood Village, Colorado · www.clearchoice.com
Press Ganey Holdings, Inc. 2019-06-11 Doctor.com 2020-10-13 4
Wakefield, Massachusetts · www.pressganey.com New York, New York · www.doctor.com
Car Wash Partners, Inc. 2014-08-22 Bush Car Wash - Seven Car Wash Locations 2020-09-18 6
Tucson, Arizona · www.mistercarwash.com Richland, Washington
Prospect Medical Holdings, Inc. 2010-08-16 Cal Care IPA & Los Angeles Medical Center IPA - Riverside, San Bernardino, and San Diego Centers 2020-05-18 4
Los Angeles, California · www.prospectmedicalholdings.com Corona, California
North American Partners in Anesthesia LLP 2016-04-19 American Anesthesiology, Inc. 2020-05-06 2
Melville, New York · www.napaanesthesia.com Sunrise, Florida · www.americananesthesiology.com
Pure Gym Ltd. 2017-11-03 Fitness World A/S 2019-12-12 1
North Yorkshire, United Kingdom · www.puregym.co.uk Rødovre, Denmark · www.fitnessworld.dk
North American Partners in Anesthesia LLP 2016-04-19 Aisthesis 2018-12-05 1
Melville, New York · www.napaanesthesia.com Bethesda, Maryland · www.aisthesispartners.com
Caliber Collision Centers 2013-11-20 ABRA Auto Body & Glass LP 2018-12-05 4
Lewisville, Texas · www.calibercollision.com Brooklyn Park, Minnesota · www.abraauto.com
CPA Global Ltd. 2017-08-29 Filing Analytics 2018-08-16 2
Jersey, Channel Islands · www.cpaglobal.com , United States · www.filinganalytics.io
CPA Global Ltd. 2017-08-29 Citation Eagle 2018-08-16 1
Jersey, Channel Islands · www.cpaglobal.com , United States · www.citationeagle.com

M&A by Sector

Sector Current # Value All-time # Value
Retail 4 (12%) 1.6B (9%) 18 (23%) 13.5B (32%)
Healthcare Services 5 (15%) 363M (2%) 7 (9%) 911M (2%)
Business Services 3 (9%) - 6 (8%) 1.8B (4%)
Information Technology 1 (3%) - 4 (5%) 5.2B (12%)
Consumer Services 3 (9%) 4.9B (28%) 4 (5%) 4.9B (12%)
Software 2 (6%) 3.5B (20%) 3 (4%) 4.1B (10%)
Information Services 3 (9%) 2.2B (13%) 3 (4%) 2.2B (5%)
Consumer Products 2 (6%) - 3 (4%) -
Distribution 1 (3%) 3.0B (17%) 2 (3%) 3.2B (8%)
Apparel/Textiles 1 (3%) 225M (1%) 2 (3%) 3.2B (8%)
Manufacturing - - 2 (3%) 830M (2%)
Aerospace - - 2 (3%) -
Automotive 1 (3%) - 2 (3%) -
Leisure 1 (3%) - 2 (3%) -
Restaurants 1 (3%) - 2 (3%) -
Staffing 2 (6%) - 2 (3%) -
Plastics 1 (3%) 1.5B (9%) 1 (1%) 1.5B (4%)
E-Commerce - - 1 (1%) 420M (1%)
Medical Products - - 1 (1%) 251M (1%)
Financial Services - - 1 (1%) 177M (< 1%)
Energy Services and Equipment - - 1 (1%) -
Gaming - - 1 (1%) -
Marketing - - 1 (1%) -
Media - - 1 (1%) -
Packaging 1 (3%) - 1 (1%) -
Safety/Security 1 (3%) - 1 (1%) -
Semiconductors - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 33 $17.3B 77 $42.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 30 (91%) 16.4B (95%) 72 (94%) 42.9B (98%)
  California 3 (9%) 588M (3%) 12 (16%) 2.6B (6%)
  New York 7 (21%) - 11 (14%) 548M (1%)
  Texas 4 (12%) 3.0B (17%) 10 (13%) 8.4B (19%)
  Georgia 3 (9%) 2.2B (13%) 3 (4%) 2.2B (5%)
  Arizona 2 (6%) - 3 (4%) -
  Virginia 1 (3%) 3.5B (20%) 3 (4%) 6.5B (15%)
  Illinois - - 3 (4%) 970M (2%)
  Connecticut 1 (3%) - 2 (3%) 5.2B (12%)
  Massachusetts 1 (3%) - 2 (3%) 2.8B (6%)
  Florida 1 (3%) - 2 (3%) -
  Iowa - - 2 (3%) 1.0B (2%)
  Missouri - - 2 (3%) 830M (2%)
  Pennsylvania - - 2 (3%) 750M (2%)
  Indiana - - 2 (3%) -
  Minnesota 1 (3%) 4.0B (23%) 1 (1%) 4.0B (9%)
  Ohio 1 (3%) 1.6B (9%) 1 (1%) 1.6B (4%)
  Wisconsin 1 (3%) 1.5B (9%) 1 (1%) 1.5B (3%)
  New Jersey 1 (3%) - 1 (1%) -
  Kentucky 1 (3%) - 1 (1%) -
  Utah 1 (3%) - 1 (1%) -
  North Carolina 1 (3%) - 1 (1%) -
  Washington - - 1 (1%) 1.6B (4%)
  Colorado - - 1 (1%) 1.4B (3%)
  Maryland - - 1 (1%) 847M (2%)
  Oregon - - 1 (1%) 177M (< 1%)
  Nevada - - 1 (1%) -
  Tennessee - - 1 (1%) -
United Kingdom 1 (3%) 924M (5%) 1 (1%) 924M (2%)
Bermuda 1 (3%) - 1 (1%) -
Channel Islands 1 (3%) - 1 (1%) -
India - - 1 (1%) -
Israel - - 1 (1%) -
Domestic 30 (91%) 16.4B (95%) 72 (94%) 42.9B (98%)
Cross-border 3 (9%) 924M (5%) 5 (6%) 924M (2%)
Total 33 $17.3B 77 $43.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 21 (64%) 8.9B (52%) 31 (40%) 12.3B (28%)
Going Private 4 (12%) 8.2B (47%) 14 (18%) 27.7B (63%)
Buyout (LBO, MBO, MBI) 1 (3%) - 9 (12%) 240M (1%)
Stake Purchase 2 (6%) - 7 (9%) -
Recapitalization 3 (9%) - 6 (8%) 2.4B (6%)
Divestiture 1 (3%) 225M (1%) 3 (4%) 975M (2%)
PIPE - - 3 (4%) 177M (< 1%)
Growth Capital 1 (3%) - 2 (3%) -
Add-on Acquisition - - 1 (1%) -
Joint Venture - - 1 (1%) -
Total 33 $17.3B 77 $43.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (29%) 13.6B (50%)
IPO 9 (22%) 10.5B (38%)
Trade Sale 5 (12%) 509M (2%)
Trade Sale - Public Company 4 (10%) 2.5B (9%)
Sold to Existing Investors 3 (7%) -
SPAC 3 (7%) -
Recapitalization 2 (5%) 300M (1%)
Stake Sale 2 (5%) -
Bankruptcy 1 (2%) -
Total 41 $27.3B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
6
Barclays Investment Bank
4
Deutsche Bank Corporate & Investment Banking
4
Legal Deals
Latham & Watkins
18
Simpson Thacher & Bartlett LLP
1
Squire Sanders
1

Deal Values

buy # Total
> $1B 14 $37.7B
$100M to $1B 12 $6.1B
TOTAL $43.8B
Largest IMS Health Holdings, Inc.
$5.2B (2009-11-05)
sell # Total
> $1B 6 $24.9B
$100M to $1B 6 $2.5B
TOTAL $27.3B
Largest IMS Health Holdings, Inc.
$10.5B (2014-04-03)

M&A Connections

Deals
Acquired from
Investor(s)
47%
36 (47%)
Strategic(s)
3%
2 (3%)
Exited to
Investor(s)
34%
14 (34%)
Strategic(s)
29%
12 (29%)

 Subscribe to unlock this and 161,366
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.1K Private Equity Firms
  • 150K M&A Transactions
  • 157K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 48K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.