M&A Deal Summary

Leonard Green & Partners Acquires HITS Shows

On November 22, 2005, private equity firm Leonard Green & Partners acquired leisure company HITS Shows

Acquisition Highlights
  • This is Leonard Green & Partners’ 1st transaction in the Leisure sector.
  • This is Leonard Green & Partners’ 14th transaction in the United States.
  • This is Leonard Green & Partners’ 2nd transaction in New York.
Investment Fate
  • HITS Shows was sold to existing investors in 2012.
  • HITS Shows was sold to a financial buyer in 2022.

M&A Deal Summary

Date 2005-11-22
Target HITS Shows
Sector Leisure
Buyer(s) Leonard Green & Partners
Deal Type Joint Venture

Target

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.

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Buyer(S) 1

Buyer

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 STATS #
Overall 14 of 107
Sector: Leisure M&A 1 of 3
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 2 of 8
Country: United States M&A 14 of 99
Year: 2005 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-15 Tire Rack

South Bend, Indiana, United States

Tire Rack is a customer-direct supplier of tires, wheels and related accessories for passenger vehicles and light trucks in the United States. Tire Rack is also a distributor of replacement tires to independent installers. Tire Rack was founded in 1979 and is based in South Bend, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 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.

Buy -