Stake Purchase • Retail

Leonard Green & Partners Invests In Rite Aid

On January 1, 2006, private equity firm Leonard Green & Partners invested in retailer Rite Aid

Investment Context
  • This is Leonard Green & Partners’ 6th transaction in the Retail sector.
  • This is Leonard Green & Partners’ 15th transaction in the United States.
  • This is Leonard Green & Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • Rite Aid was sold to a financial buyer in 2013.

Explore All 213 Stake Purchase Retail Deals - Search the Database Free


Investment Summary

Date January 1, 2006
Target Rite Aid
Sector Retail
Investor(s) Leonard Green & Partners
Deal Type Stake Purchase

Target Company

Rite Aid

Philadelphia, Pennsylvania, United States
Rite Aid is a drugstore chain that operates through two segments, Retail Pharmacy and Pharmacy Services. Rite Aid was founded in 1962 and is based in Philadelphia, Pennsylvania.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Investor Overview 1

Investor

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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.


Deal Context for Investor #
Overall 15 of 108
Sector: Retail 6 of 19
Type: Stake Purchase 2 of 10
State: Pennsylvania 1 of 4
Country: United States 15 of 100
Year: 2006 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-22 HITS Shows

Saugerties, New York, United States

HITS Shows is a producer of hunter/jumper horse shows in the United States. The company revolutionized the industry when it produced three of the then richest Grand Prix in the world. By the numbers, HITS Shows operates 5 venues; 46 Weeks of sanctioned Hunter/Jumper competitions; 6 Weeks of Dressage events. HITS Shows was formed in 1982 and is based in Saugerties, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-06 Del Taco

Lake Forest, California, United States

Del Taco offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant's working kitchen with the value and convenience of a drive-thru. Del Taco's menu items taste better because they are made with quality ingredients like freshly grilled chicken and carne asada steak, fresh house-made guacamole, freshly grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco. It serves more than three million guests each week at its approximately 600 restaurants across 16 states. Del Taco’s commitment to providing guests with the best quality and value for their money originates from cooking, chopping, shredding, and grilling menu items from scratch. Del Taco was founded in 1964 and is based in Lake Forest, California.

Buy -