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Leonard Green & Partners company logo
Private Equity
FINANCE | Investment Firms & Funds
leonardgreen.com

Investments

26

Portfolio Exits

33

Funds

13

Partners & Customers

1

Service Providers

2

About 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.

Headquarters Location

11111 Santa Monica Blvd. Suite 2000

Los Angeles, California, 90025,

United States

310-954-0444

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Latest Leonard Green & Partners News

Hub International: Minority Investment Received At $23 Billion Valuation

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.

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Leonard Green & Partners Investments Activity

investments chart

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

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10

9/13/2021

Series B

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$99M

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10

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

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Amount

$99M

New?

No

Yes

Yes

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Co-Investors

Leonard Green & Partners, and Undisclosed Investors

Sources

3

3

1

10

10

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

$99M

Public

9

8/19/2021

Acq - Fin - III

$99M

2

6/25/2021

IPO

$99M

Public

2

6/22/2021

Acq - Fin

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$99M

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10

6/14/2021

Acq - Fin - IV

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$99M

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10

Date

10/7/2021

8/19/2021

6/25/2021

6/22/2021

6/14/2021

Exit

IPO - II

Acq - Fin - III

IPO

Acq - Fin

Acq - Fin - IV

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

9

2

2

10

10

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

$99M

Acq - Fin - II

3

1/11/2022

$99M

Acq - Fin - II

1

4/22/2021

$99M

Acq - Fin - II

2

11/19/2020

Other

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$99M

$99M

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10

11/2/2020

Debt

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$99M

$99M

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10

Date

2/1/2022

1/11/2022

4/22/2021

11/19/2020

11/2/2020

Investment Stage

Other

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acq - Fin - II

Acq - Fin - II

Acq - Fin - II

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Sources

3

1

2

10

10

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

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$99M

10

6/23/2015

LTF Coinvest LP

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$99M

10

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

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Status

Closed

Closed

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Amount

$46.45M

$12,000M

$2,750M

$99M

$99M

Sources

1

3

3

10

10

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

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Service Provider

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Associated Rounds

Provider Type

Counsel

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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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