Leonard Green & Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Leonard Green & Partners has acquired 2 companies.

Leonard Green & Partners’ most common sectors for investment areretail (23%) and healthcare services (10%) . The Firm’s most common investment types include secondary buyout (45%) and going private (17%). 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.

The Firm’s most common exit type is secondary buyout (32%). 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 firm investors just like it.

M&A Summary

  • M&A Total Activity133
    • M&A Buy Activity85
    • M&A Sell Activity48
  • Total Sectors Invested 32
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 42
  • M&A Advisors 18

Leonard Green & Partners

Leonard Green & Partners, L.P.

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 ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.2/yr) # 79 4 2 - - - 85
vol $43.8B $43.8B
Sell (1.6/yr) # 43 8 - - - - 51
vol $27.3B $27.3B
  136

Most Recent M&A

Company Date Value Type
Epiphany Dermatology PA 2022-02-01 - Secondary Buyout
Austin, Texas · www.epiphanydermatology.com
Pace Analytical Services LLC 2022-01-11 - Secondary Buyout
Minneapolis, Minnesota · www.pacelabs.com
Convergint Technologies LLC 2021-12-16 - Stake Purchase
Schaumburg, Illinois · www.convergint.com
Velvet Taco, Inc. 2021-11-30 - Secondary Buyout
Plano, Texas · www.velvettaco.com
MDVIP LLC 2021-08-19 - Secondary Buyout
Boca Raton, Florida · www.mdvip.com
Mister Car Wash, Inc. 2021-06-25 - IPO
Tucson, Arizona · www.mistercarwash.com
ExamWorks LLC 2021-06-22 - Secondary Buyout
Atlanta, Georgia · www.examworks.com
Pye-Barker Fire & Safety LLC 2021-06-21 - Secondary Buyout
Alpharetta, Georgia · www.pyebarkerfire.com
Ellucian Co. L.P. 2021-06-14 - Secondary Buyout
Reston, Virginia · www.ellucian.com
Prospect Medical Holdings, Inc. 2021-06-01 - Sold to Management
Los Angeles, California · www.prospectmedicalholdings.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Service Logic LLC 2020-11-02 Indoor Environmental Services 2023-01-11 1
Charlotte, North Carolina · www.servicelogic.com Sacramento, California · www.ies-hvac.com
Press Ganey Holdings, Inc. 2019-06-11 Forsta Group 2022-02-07 6
Wakefield, Massachusetts · www.pressganey.com London, United Kingdom · www.forsta.com
The Aspen Group 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 5
Wakefield, Massachusetts · www.pressganey.com New York, New York · www.doctor.com
North American Partners in Anesthesia LLP 2016-04-19 American Anesthesiology, Inc. 2020-05-06 3
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
Leeds, United Kingdom · www.puregym.co.uk Rødovre, Denmark · www.fitnessworld.dk
North American Partners in Anesthesia LLP 2016-04-19 Aisthesis 2018-12-05 2
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

M&A by Sector

Sector Current # Value All-time # Value
Retail 4 (13%) - 19 (22%) 13.5B (32%)
Healthcare Services 3 (10%) - 8 (9%) 911M (2%)
Business Services 3 (10%) - 6 (7%) 1.8B (4%)
Information Technology 1 (3%) - 5 (6%) 5.2B (12%)
Consumer Services 2 (6%) 4.9B (52%) 4 (5%) 4.9B (12%)
Information Services 2 (6%) - 4 (5%) 2.2B (5%)
Consumer Products 2 (6%) - 3 (4%) -
Restaurants 2 (6%) - 3 (4%) -
Distribution 1 (3%) 3.0B (32%) 2 (2%) 3.2B (8%)
Apparel/Textiles - - 2 (2%) 3.2B (8%)
Manufacturing - - 2 (2%) 830M (2%)
Software 1 (3%) - 2 (2%) 550M (1%)
Aerospace - - 2 (2%) -
Automotive 1 (3%) - 2 (2%) -
Leisure 1 (3%) - 2 (2%) -
Safety/Security 1 (3%) - 2 (2%) -
Staffing 2 (6%) - 2 (2%) -
Education - - 1 (1%) 3.5B (8%)
Plastics 1 (3%) 1.5B (16%) 1 (1%) 1.5B (4%)
E-Commerce - - 1 (1%) 420M (1%)
Medical Products - - 1 (1%) 251M (1%)
Financial Services - - 1 (1%) 177M (< 1%)
Construction 1 (3%) - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Environmental 1 (3%) - 1 (1%) -
Gaming - - 1 (1%) -
Marketing - - 1 (1%) -
Media - - 1 (1%) -
Packaging 1 (3%) - 1 (1%) -
Semiconductors - - 1 (1%) -
Test/Measurement Equipment 1 (3%) - 1 (1%) -
Utilities - - 1 (1%) -
Total 31 $9.4B 85 $42.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 29 (94%) 8.5B (90%) 80 (94%) 42.9B (98%)
  Texas 8 (26%) 3.0B (32%) 14 (16%) 8.4B (19%)
  New York 7 (23%) 4.0B (42%) 12 (14%) 4.5B (10%)
  California 1 (3%) - 12 (14%) 2.6B (6%)
  Illinois 2 (6%) - 5 (6%) 970M (2%)
  Georgia 2 (6%) - 4 (5%) 2.2B (5%)
  Arizona 1 (3%) - 3 (4%) -
  Virginia - - 3 (4%) 6.5B (15%)
  Connecticut 1 (3%) - 2 (2%) 5.2B (12%)
  Massachusetts 1 (3%) - 2 (2%) 2.8B (6%)
  Iowa - - 2 (2%) 1.0B (2%)
  Missouri - - 2 (2%) 830M (2%)
  Pennsylvania - - 2 (2%) 750M (2%)
  Indiana - - 2 (2%) -
  Florida - - 2 (2%) -
  Wisconsin 1 (3%) 1.5B (16%) 1 (1%) 1.5B (3%)
  North Carolina 1 (3%) - 1 (1%) -
  New Jersey 1 (3%) - 1 (1%) -
  Minnesota 1 (3%) - 1 (1%) -
  Kentucky 1 (3%) - 1 (1%) -
  Utah 1 (3%) - 1 (1%) -
  Ohio - - 1 (1%) 1.6B (4%)
  Washington - - 1 (1%) 1.6B (4%)
  Colorado - - 1 (1%) 1.4B (3%)
  Maryland - - 1 (1%) 847M (2%)
  Oregon - - 1 (1%) 177M (< 1%)
  Tennessee - - 1 (1%) -
  Nevada - - 1 (1%) -
United Kingdom 1 (3%) 924M (10%) 1 (1%) 924M (2%)
Bermuda 1 (3%) - 1 (1%) -
India - - 1 (1%) -
Channel Islands - - 1 (1%) -
Israel - - 1 (1%) -
Domestic 29 (94%) 8.5B (90%) 80 (94%) 42.9B (98%)
Cross-border 2 (6%) 924M (10%) 5 (6%) 924M (2%)
Total 31 $9.4B 85 $43.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 22 (71%) 5.4B (58%) 38 (45%) 12.3B (28%)
Going Private 1 (3%) 4.0B (42%) 14 (16%) 27.7B (63%)
Buyout (LBO, MBO, MBI) - - 8 (9%) 240M (1%)
Stake Purchase 3 (10%) - 8 (9%) -
Recapitalization 3 (10%) - 6 (7%) 2.4B (6%)
Divestiture - - 3 (4%) 975M (2%)
PIPE - - 3 (4%) 177M (< 1%)
Growth Capital 2 (6%) - 3 (4%) -
Add-on Acquisition - - 1 (1%) -
Joint Venture - - 1 (1%) -
Total 31 $9.4B 85 $43.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 16 (31%) 13.6B (50%)
IPO 11 (22%) 10.5B (38%)
Trade Sale 6 (12%) 509M (2%)
Trade Sale - Public Company 4 (8%) 2.5B (9%)
Sold to Existing Investors 3 (6%) -
SPAC 3 (6%) -
Recapitalization 2 (4%) 300M (1%)
Bankruptcy 2 (4%) -
Stake Sale 2 (4%) -
Merger 1 (2%) -
Sold to Management 1 (2%) -
Total 51 $27.3B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
 7
Deutsche Bank Corporate & Investment Banking
 4
Barclays Investment Bank
 4
Legal Deals
Latham & Watkins
 24
Squire Sanders
 1
Simpson Thacher & Bartlett
 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)
52%
44 (52%)
Strategic(s)
2%
2 (2%)
Exited to
Investor(s)
35%
18 (35%)
Strategic(s)
25%
13 (25%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

70.0B USD

Established

1989

Specialist/Generalist

Generalist

Leadership

John Danhakl

Managing Partner

Jonathan Sokoloff

Managing Partner

John Baumer

Senior Partner

Lance Schumacher

Head of Tax

Alyse Wagner

Partner

 Subscribe to unlock this and 193,848
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
1 Week Free Trial Learn 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
  • 4.5K Private Equity Firms
  • 184K M&A Transactions
  • 189K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 72K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal