Investments
26Portfolio Exits
33Funds
13Partners & Customers
1Service Providers
2About Leonard Green & Partners
Leonard Green & Partners is a private equity firm based in Los Angeles that specializes in leveraged buyout transactions, particularly of middle market companies.
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Latest Leonard Green & Partners News
Sep 20, 2023
Hub International Limited – a leading global insurance brokerage – recently announced that it has successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP) along with several other prominent institutional minority investors. This planned investment from LGP (a Los Angeles-based private equity firm) was announced in April of this year. The proceeds of this funding will be used to repurchase equity interests from existing equity holders. And H&F will retain a controlling interest in HUB while the company’s management team will continue holding a significant equity position. Altas is going to remain a significant minority shareholder and member of the board and LGP will join the board as well. The valuation of HUB grew fivefold in the last 10 years. HUB’s valuation was $4.4 billion, and the company had an annual revenue of more than $1 billion in 2013 when Hellman & Friedman (H&F) initially invested in the broker. And in 2018 (just 4.5 years later), HUB’s revenue exceeded $2 billion and the valuation grew to $10 billion in connection with Altas Partners’ substantial minority investment in the company. In 2022, HUB hit $3.7 billion in annual revenue and is valued at $23 billion today. The growth has been attributed to the ongoing investments the company made in industry and product specialization, digital solutions, brand marketing, broadening of employee benefit and human resources services, expansion into retirement and private wealth, growth in MGA/wholesale capabilities, and more recently expanding complex risk and international solutions. The company will continue investing in these areas along with new initiatives to reflect clients’ changing needs. Plus, HUB remains bullish on its acquisition strategy and is growing its geographic footprint. Morgan Stanley & Co. served as exclusive financial advisor to HUB; Simpson Thacher & Bartlett LLP served as legal counsel to HUB; and MarshBerry provided market research assistance to HUB. Plus, Barclays acted as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to LGP. Trending on Pulse 2.0
Leonard Green & Partners Investments
26 Investments
Leonard Green & Partners has made 26 investments. Their latest investment was in Hub International as part of their Private Equity - IV on September 9, 2023.
Leonard Green & Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/15/2023 | Private Equity - IV | Hub International | No | Leonard Green & Partners, and Undisclosed Investors | 3 | |
4/28/2023 | Private Equity - III | Hub International | Yes | 3 | ||
12/16/2021 | Secondary Market | Convergint | Yes | 1 | ||
11/3/2021 | Recap | |||||
9/13/2021 | Series B |
Date | 9/15/2023 | 4/28/2023 | 12/16/2021 | 11/3/2021 | 9/13/2021 |
|---|---|---|---|---|---|
Round | Private Equity - IV | Private Equity - III | Secondary Market | Recap | Series B |
Company | Hub International | Hub International | Convergint | ||
Amount | |||||
New? | No | Yes | Yes | ||
Co-Investors | Leonard Green & Partners, and Undisclosed Investors | ||||
Sources | 3 | 3 | 1 |
Leonard Green & Partners Portfolio Exits
33 Portfolio Exits
Leonard Green & Partners has 33 portfolio exits. Their latest portfolio exit was Life Time on October 07, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/7/2021 | IPO - II | Public | 9 | ||
8/19/2021 | Acq - Fin - III | 2 | |||
6/25/2021 | IPO | Public | 2 | ||
Date | 10/7/2021 | 8/19/2021 | 6/25/2021 | ||
|---|---|---|---|---|---|
Exit | IPO - II | Acq - Fin - III | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 9 | 2 | 2 |
Leonard Green & Partners Acquisitions
50 Acquisitions
Leonard Green & Partners acquired 50 companies. Their latest acquisition was Epiphany Dermatology on February 01, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
2/1/2022 | Acq - Fin - II | 3 | ||||
1/11/2022 | Acq - Fin - II | 1 | ||||
4/22/2021 | Acq - Fin - II | 2 | ||||
11/19/2020 | Other | |||||
11/2/2020 | Debt |
Date | 2/1/2022 | 1/11/2022 | 4/22/2021 | 11/19/2020 | 11/2/2020 |
|---|---|---|---|---|---|
Investment Stage | Other | Debt | |||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin - II | Acq - Fin - II | Acq - Fin - II | ||
Sources | 3 | 1 | 2 |
Leonard Green & Partners Fund History
13 Fund Histories
Leonard Green & Partners has 13 funds, including Saber Parent Holdings.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
11/12/2020 | Saber Parent Holdings | $46.45M | 1 | ||
12/9/2019 | Green Equity Investors VIII | Buyouts & Acquisitions | Closed | $12,000M | 3 |
12/9/2019 | Jade Equity Investors | Buyouts & Acquisitions | Closed | $2,750M | 3 |
6/7/2016 | Leonard Green Fund VII | ||||
6/23/2015 | LTF Coinvest LP |
Closing Date | 11/12/2020 | 12/9/2019 | 12/9/2019 | 6/7/2016 | 6/23/2015 |
|---|---|---|---|---|---|
Fund | Saber Parent Holdings | Green Equity Investors VIII | Jade Equity Investors | Leonard Green Fund VII | LTF Coinvest LP |
Fund Type | Buyouts & Acquisitions | Buyouts & Acquisitions | |||
Status | Closed | Closed | |||
Amount | $46.45M | $12,000M | $2,750M | ||
Sources | 1 | 3 | 3 |
Leonard Green & Partners Partners & Customers
1 Partners and customers
Leonard Green & Partners has 1 strategic partners and customers. Leonard Green & Partners recently partnered with ExamWorks on April 4, 2016.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/27/2016 | Partner | United States | Leonard Green & Partners to buy ExamWorks in $2.2bn deal Leonard Green & Partners senior partner John Baumer , said , `` We are excited to partner with ExamWorks ' management team and organization . | 1 |
Date | 4/27/2016 |
|---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | Leonard Green & Partners to buy ExamWorks in $2.2bn deal Leonard Green & Partners senior partner John Baumer , said , `` We are excited to partner with ExamWorks ' management team and organization . |
Sources | 1 |
Leonard Green & Partners Service Providers
2 Service Providers
Leonard Green & Partners has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | |||
Service Provider | ||
|---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type |
Partnership data by VentureSource
Leonard Green & Partners Team
1 Team Member
Leonard Green & Partners has 1 team member, including current General Partner, Peter Zippelius.
Name | Work History | Title | Status |
|---|---|---|---|
Peter Zippelius | General Partner | Current |
Name | Peter Zippelius |
|---|---|
Work History | |
Title | General Partner |
Status | Current |
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