Investment Summary

Leonard Green & Partners Invests In Tire Rack

On June 15, 2005, private equity firm Leonard Green & Partners invested in retailer Tire Rack

Investment Highlights
  • This is Leonard Green & Partners’ 5th transaction in the Retail sector.
  • This is Leonard Green & Partners’ 13th transaction in the United States.
  • This is Leonard Green & Partners’ 1st transaction in Indiana.
Investment Fate
  • Tire Rack was sold to existing investors in 2011.
  • Tire Rack was sold to a strategic buyer in 2021.

Investment Summary

Date 2005-06-15
Target Tire Rack
Sector Retail
Investor(s) Leonard Green & Partners
Deal Type Stake Purchase

Target

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.

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Investor(S) 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 STATS #
Overall 13 of 107
Sector: Retail M&A 5 of 19
Type: Stake Purchase M&A Deals 1 of 10
State: Indiana M&A 1 of 3
Country: United States M&A 13 of 99
Year: 2005 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-02 Neiman Marcus

Dallas, Texas, United States

Neiman Marcus is a specialty retailer with online and offline operations. The Company's retail stores segment consists primarily of Neiman Marcus, Bergdorf Goodman and Last Call stores. The Online segment conducts both catalog and online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names. Neiman Marcus was originally established in 1907 and is headquartered Dallas, Texas.

Buy $5.1B
FOLLOWING 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.

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