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November 12, 1992
Leonard I. Green of Beverly Hills was elected to the Occidental College Board of Trustees at the October meeting. Green is the founder of Leonard Green and Partners, an investment banking firm in Los Angeles. In 1987, he established the Leonard and Emese Green Endowed Scholarship Fund for the education of a black student, preferably from South Africa.
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BUSINESS
December 11, 2013 | By Stuart Pfeifer
Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos. The acquisition means that Lucky, founded in Vernon in 1990 and moved last year to a 1940s Art Deco building in downtown Los Angeles, will be locally owned once again. Denim veterans and Lucky co-founders Gene Montesano and Barry Perlman used clever marketing - including the "Lucky You" label stitched into the fly - to create one of the country's most popular mid-level denim jeans.
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BUSINESS
November 25, 1997 | DEBORA VRANA, TIMES STAFF WRITER
Los Angeles buyout firm Leonard Green & Partners entered the newspaper business Monday with a $310-million agreement to buy a group of community papers from Hollinger International, owner of the Chicago Sun-Times. Under the agreement, Leonard Green will purchase more than 160 publications, including newspapers in the California cities of Mt. Shasta, Taft and Yreka.
BUSINESS
June 30, 2011 | By Andrea Chang, Los Angeles Times
Continuing a streak of retail acquisitions, Los Angeles buyout firm Leonard Green & Partners has agreed to take over BJ's Wholesale Club Inc. with another private equity firm in a roughly $2.8-billion deal. BJ's, which in February announced that it was exploring a sale, said Wednesday that Leonard Green and CVC Capital Partners would pay $51.25 per share in cash for BJ's common stock, a 6.6% premium over Tuesday's closing price of $48.08. The deal could help BJ's, a predominantly East Coast warehouse chain, grow a bigger presence nationally, analysts said.
BUSINESS
March 29, 2007 | From Bloomberg News
Leonard Green & Partners, a Los Angeles-based private equity firm that has invested in Petco Animal Supplies Inc. and Neiman Marcus Group Inc., raised $5.3 billion for its fifth fund. Green Equity Investors V is about three times as big as the firm's most recent fund raised five years ago. Clients include U.S. and international investors, Leonard Green said in a statement Wednesday. Leonard Green typically invests in retail companies valued at $500 million to $2 billion.
BUSINESS
October 11, 2000 | DEBORA VRANA and PETER PAE, TIMES STAFF WRITERS
In a nearly $255-million deal that creates one of the nation's largest Asian- language media companies, a buyout firm is expected to announce today it is acquiring a stake in the Korea Times newspaper group and merging it with a Los Angeles broadcasting company. The newly combined entity would own and operate 11 Korea Times newspapers in such cities as New York, Washington, Chicago and Atlanta; television stations in Los Angeles and Honolulu; and several AM radio stations.
BUSINESS
October 7, 2003 | From Bloomberg News
FTD Inc., which sells flowers and other gifts via the Internet and telephone, agreed on Monday to be bought by Green Equity Investors for about $420 million. Stockholders would receive $24.85 a share, Downers Grove, Ill.-based FTD said. Green Equity expects to complete the transaction in the first quarter. It was reported months ago that FTD had hired Goldman Sachs Group Inc. to find a buyer.
BUSINESS
October 30, 1993 | GEORGE WHITE, TIMES STAFF WRITER
If Leonard Green--an avid collector of paintings--puts the finishing touches on a deal that merges his partnership's Thrifty Drug stores with the rival Payless chain, he will boost his reputation as a master of the art of acquisition. Kmart has signed a letter of intent to sell its Payless drugstore unit to Leonard Green & Partners, which could lead to a sale that would rank among the biggest deals in the four-year history of the Los Angeles-based partnership.
BUSINESS
January 15, 2003 | Josh Friedman, Times Staff Writer
Los Angeles buyout firm Leonard Green & Partners said Tuesday that it had reached a deal in principle to obtain control of Rand McNally & Co., the world's largest commercial mapmaker, as it seeks to broaden its lineup of consumer-oriented companies. If completed, the deal would finish a process Green began a year ago when it started buying Rand McNally debt. Peter Nolan, a managing partner at Leonard Green, called the 147-year-old mapmaker, which is also publisher of Thomas Bros.
BUSINESS
May 25, 1993 | GREG JOHNSON, TIMES STAFF WRITER
When it's time to do deals, San Diego-based Foodmaker Inc. turns to investor Leonard Green. Green, 59, joined the board at Foodmaker, which owns the Jack in the Box fast-food chain, in 1985. During the late 1980s, Green's Los Angeles investment firms helped Foodmaker arrange financing for a management-led buyout and also for Foodmaker's 1988 acquisition of the Chi-Chi's Mexican-style restaurant chain.
BUSINESS
November 6, 2008 | Tom Petruno, Petruno is a Times staff writer.
Whole Foods Market Inc. reported another quarter of dismal results Wednesday, but the company's battered stock rallied on news that Los Angeles-based private equity firm Leonard Green & Partners will pump $425 million in capital into the retailer. Green, a well-known investor in the retail sector, is buying preferred stock that is convertible into a 17% stake in Whole Foods' common shares.
BUSINESS
March 29, 2007 | From Bloomberg News
Leonard Green & Partners, a Los Angeles-based private equity firm that has invested in Petco Animal Supplies Inc. and Neiman Marcus Group Inc., raised $5.3 billion for its fifth fund. Green Equity Investors V is about three times as big as the firm's most recent fund raised five years ago. Clients include U.S. and international investors, Leonard Green said in a statement Wednesday. Leonard Green typically invests in retail companies valued at $500 million to $2 billion.
CALIFORNIA | LOCAL
December 18, 2006 | From Times Staff and Wire Reports
Leonard M. Greene, 88, an inventor and pioneer in aviation safety who developed an instrument that would warn a pilot that a plane was about to stall, died Nov. 30 of cancer at a hospital in White Plains, N.Y. According to the New York Times obituary of Greene, the device he developed gives an audible alert to a pilot when an aircraft is in danger of not having the required lift to maintain altitude.
CALIFORNIA | LOCAL
May 3, 2006 | Kim Christensen, Times Staff Writer
In the throes of a rancorous divorce from a now-dead multimillionaire, Jude Green remembers the day five years ago when a sullen stranger confronted her outside a Santa Monica dog groomer where she'd taken her Shih Tzu for a trim. Arms folded, eyes behind dark glasses, he had blocked her car with his and stood nearby, striking a menacing pose without uttering a word. Then he followed her to a nearby coffee shop, again boxing in her vehicle. At the time, Green thought he "was just some jerk."
BUSINESS
February 2, 2006 | Josh Friedman, Times Staff Writer
The estate of legendary buyout investor Leonard Green is suing the Los Angeles firm that he created, claiming its partners fleeced the heirs of more than $3 million after Green died in October 2002. The lawsuit, filed Tuesday in Los Angeles Superior Court by executor Bernard A. Greenberg, alleges that Leonard Green & Partners and several of its principals cheated the estate and a related trust through a series of transactions starting in December 2002.
BUSINESS
January 24, 2006 | Abigail Goldman, Times Staff Writer
Los Angeles buyout firm Leonard Green & Partners said Monday that it would return to the sporting goods business by acquiring Sports Authority Inc. for about $1.3 billion. An affiliate of Green's firm that includes some of Sports Authority's senior managers agreed to pay $37.25 a share, a 20% premium over Friday's closing stock price. The agreement sent the company's shares up $5.65, or 18%, to $36.70.
BUSINESS
July 18, 1997 | MARGARET WEBB PRESSLER, WASHINGTON POST
Hechinger Co. agreed Thursday night to be sold to a California investor, ending the Largo, Md.-based home-improvement chain's long struggle to find a niche in a market that has been taken over by powerful competitors. Leonard Green, a Los Angeles investor, will pay $3 a share for Hechinger, or roughly $507 million, including the assumption of its debt. He plans to combine the chain with Builders Square, a troubled San Antonio home-improvement chain owned by Kmart Corp.
CALIFORNIA | LOCAL
October 26, 2002 | Dennis McLellan, Times Staff Writer
Leonard I. Green, founder and partner of the West Coast's largest leveraged buyout firm and chairman of the board of the Los Angeles Opera, has died. He was 68. Green died Friday of complications from heart surgery in Venice, Italy, where he was on vacation.
BUSINESS
March 30, 2004 | James F. Peltz, Times Staff Writer
Los Angeles buyout firm Leonard Green & Partners and the founder of Hollywood Video will team to acquire the rental chain's parent company under an agreement reached Monday. The $888-million cash deal comes as Hollywood Entertainment Corp. and its larger rival, Blockbuster Inc., grapple with a video rental market flattened by rising sales of videos and DVDs and new technologies that deliver movies directly to TV sets.
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