Leonard Green & Partners

Founded in 1989 by Leonard I. Green, Leonard Green & Partners (LGP) emerged following the dissolution of the predecessor firm Gibbons, Green and van Amerongen. Based in Los Angeles, the firm established itself as a major player in the private equity landscape, specializing in management buyouts and leveraged buyouts of well-positioned companies. Since its inception, LGP has invested in over 95 companies and has consistently ranked among the largest private equity firms globally, reaching the 18th position in the PEI 300 global ranking in 2024.

The firm's investment history is highlighted by high-profile deals in the retail and consumer sectors, including significant stakes in Whole Foods Market, Petco, and J.Crew. LGP is known for utilizing strategies such as PIPE investments and dividend recapitalizations to generate returns. While successful in many ventures, the firm has also faced public scrutiny and legal challenges regarding its management of healthcare assets, specifically through its ownership of Prospect Medical Holdings and the subsequent financial strain on hospital systems like Crozer Health.

LGP continues to operate as a powerhouse in the middle-market and large-cap space, raising multi-billion dollar funds such as the $14.75 billion raised across two funds in 2019. The firm maintains a lean professional staff in Los Angeles and continues to execute significant exits, recently winning awards for the multi-billion dollar sale of SRS Distribution to Home Depot in 2024.