Private Equity Firm

Leonard Green & Partners

AUM$50 billion

Founded1989

HQLos Angeles, CA

Los Angeles-based private equity firm focused on retail and consumer investments.

Track Record

Performance

Total Acquisitions20

Bankruptcy Rate20%

Avg Hold Period9.0yrs

High-Risk Track Record

20% of companies owned by this firm have filed for bankruptcy. This is significantly above the industry average.

Known Tactics

Playbook

Price Increases

COMMON

Raising prices to improve margins and fund debt payments.

Reduced Product Quality

COMMON

reduced product quality is a common PE tactic.

Staffing Cuts

COMMON

staffing cuts is a common PE tactic.

Portfolio Companies

Current and former holdings

Aspen Dental

healthcare·2018

ACTIVE

Comprehensive EyeCare Partners

David's Bridal

Dental Care Alliance

Dick's Sporting Goods

Frontera Foods

GameStop

Joann

Jo-Ann Fabrics

Kettle Brand Potato Chips

King's Hawaiian

Mann Packing Company

Nature's Path Foods

Orthodontic Partners

Prospect Medical Holdings

Sports Authority

Tenet Healthcare

Topgolf

Sports and Entertainment

ACTIVE

VCA Animal Hospitals

healthcare·2007

ACTIVE

Notable Outcomes

Case Studies

Failures

Joann

N/A

Joann experienced difficulties under PE ownership.

Sports Authority

N/A

Sports Authority experienced difficulties under PE ownership.

David's Bridal

N/A

David's Bridal experienced difficulties under PE ownership.

J.Crew

N/A

J.Crew experienced difficulties under PE ownership.

Successes

VCA Animal Hospitals

N/A

VCA Animal Hospitals achieved a successful outcome under PE ownership.

Orthodontic Partners

N/A

Orthodontic Partners achieved a successful outcome under PE ownership.

King's Hawaiian

N/A

King's Hawaiian achieved a successful outcome under PE ownership.

Frontera Foods

N/A

Frontera Foods achieved a successful outcome under PE ownership.

Nature's Path Foods

N/A

Nature's Path Foods achieved a successful outcome under PE ownership.