Leonard Green & Partners

Leonard Green & Partners and Berkshire Partners Portfolio Company, SRS Distribution, Enters into a Definitive Agreement to be Acquired by The Home Depot for $18.25 Billion

Retrieved on: 
Thursday, March 28, 2024
Other Professional Services, Construction & Property, Other Retail, Finance, Specialty, Professional Services, Other Construction & Property, Retail, Partner, Culture, Growth, The Home Depot, Partnership, Leonard Green & Partners, Sale, SRS, Berkshire Partners, The Home, Management

The portfolio company of Leonard Green & Partners and Berkshire Partners , SRS Distribution (“SRS”), has entered into a definitive agreement with The Home Depot to be acquired for $18.25 billion.

Key Points: 
  • The portfolio company of Leonard Green & Partners and Berkshire Partners , SRS Distribution (“SRS”), has entered into a definitive agreement with The Home Depot to be acquired for $18.25 billion.
  • The details of this sale were made public in press releases issued this morning by The Home Depot and SRS .
  • I’m also grateful for the support and guidance we received from our private equity partners – Leonard Green & Partners and Berkshire Partners.
  • In 2018, Leonard Green & Partners became majority owner of SRS, with Berkshire Partners remaining a significant shareholder.

Limoneira Announces Change to Board of Directors

Retrieved on: 
Monday, December 18, 2023
Retail, Agriculture, Natural Resources, Food, Beverage, Diamond, Peter, College of Engineering (KNUST), Leonard Green & Partners, LGP, Investment, Cornell University, Manufacturers Hanover Corporation, Risk management, Marketing, Country, DLJ, Public Interest Declassification Board, Credit Suisse, Senior advisor, Retirement, Knowledge, Prudential Securities, Committee on Finance, Management

The Board of Directors of Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the retirement of Elizabeth Blanchard Chess from the Company’s Board of Directors (the “Board”), effective January 1, 2024.

Key Points: 
  • The Board of Directors of Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the retirement of Elizabeth Blanchard Chess from the Company’s Board of Directors (the “Board”), effective January 1, 2024.
  • Peter J. Nolan has been appointed to the Board, effective January 1, 2024, to fill the vacancy created by the retirement of Ms.
  • Following the appointment of Mr. Nolan, the Board will be comprised of seven directors, six of whom are independent.
  • Mr. Nolan currently serves on the Board of Directors of AerSale Holdings, Inc. Mr. Nolan serves as a trustee of the United States Olympic and Paralympic Foundation.

AerSale Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Thursday, December 14, 2023
Professional Services, Air, Transport, Aerospace, Manufacturing, Finance, Sale, Telephone, Attention, Leonard Green & Partners, Vesey Street, Form, Form S-3, Partner, AerSale, Capital market, Prospectus, RBC Capital Markets, Equity capital markets, Offering, Security (finance)

AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions.
  • No shares are being issued or sold by AerSale.
  • The Selling Stockholders will receive all of the proceeds from the Offering.

AerSale Announces Secondary Offering of Common Stock

Retrieved on: 
Wednesday, December 13, 2023
Air, Transport, Aerospace, Manufacturing, Sale, Telephone, Attention, Leonard Green & Partners, Vesey Street, S-3, Form, Partner, AerSale, Capital market, Prospectus, RBC Capital Markets, Equity capital markets, Offering, Security (finance)

AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Selling Stockholders expect to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions.
  • No shares are being issued or sold by AerSale.
  • The Selling Stockholders will receive all of the proceeds from the Offering.

First Citizens Bank Provides Credit Facility to a Behavioral Healthcare Services Company

Retrieved on: 
Thursday, November 16, 2023
Partner, Spectrum, Commercial finance, School nursing, Asset-based lending, Bank, Leonard Green & Partners, First Citizens BancShares, Financial services

NEW YORK, Nov. 16, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business provided a credit facility to The Stepping Stones Group to accommodate the business' seasonal working capital needs during the school year.

Key Points: 
  • NEW YORK, Nov. 16, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business provided a credit facility to The Stepping Stones Group to accommodate the business' seasonal working capital needs during the school year.
  • The Stepping Stones Group, a portfolio company of Leonard Green and Partners, is a provider of therapeutic, behavioral and autism services to children with developmental delays in school, home and center-based settings.
  • The business operates in 45 states offering both functional and academic services in the following areas: related therapy, autism, behavioral, special education, and school nursing.
  • "The Stepping Stones Group's innovative business model has allowed them to make incredible strides in the behavioral health services space," said Chris Esposito, group head for Asset-Based Lending at First Citizens Bank.

MRES: M2Bio Sciences Appoints Adrian J. Maizey, Accomplished CEO and Financial Expert, to Advisory Board

Retrieved on: 
Wednesday, July 19, 2023
New York Stock Exchange, Treasury, Redbird, The Advisory Board Company, University, JSE Limited, Cape Epic, Investment, Service provider, Marketing, Chief financial officer, Starbucks, Biotechnology, Bachelor of Business Administration, Partner, TMT, African, AutoNation, MBA, Research, AutoZone, Friedrich Miescher Institute for Biomedical Research, Biomedical Research, Advisory board, Accounting, University of Pretoria, Business administration, National Science Advisory Board for Biosecurity, Leonard Green & Partners, Biomedicine, Secondary school, Sears Holdings, OTC, Harvard Business School, Chief, Consumer, Artificial intelligence, Science, ESL Investments, Coffee, Mental health, IBN, University of Nebraska at Kearney, ESL, Cryptocurrency, Management, Sport, Adrian

Prior to his role at Rand Capital, Adrian held several key positions in prestigious financial and investment firms, showcasing his versatile capabilities.

Key Points: 
  • Prior to his role at Rand Capital, Adrian held several key positions in prestigious financial and investment firms, showcasing his versatile capabilities.
  • Expressing his excitement about joining M2Bio Sciences' Advisory Board, Adrian Maizey said, "Joining M2Bio Sciences is invigorating.
  • Jeff Robinson, CEO of M2Bio Sciences, warmly welcomed Adrian Maizey to the Advisory Board, stating, "We are thrilled to have Adrian Maizey on board with us.
  • Adrian Maizey's appointment to the Advisory Board further reinforces M2Bio Sciences' commitment to fostering innovation and advancing transformative solutions in the biotechnology arena.

Authentic Brands Group Announces $500M Primary Follow-on Investment From General Atlantic

Retrieved on: 
Thursday, June 29, 2023
Professional Services, Marketing, Entertainment, Communications, General Entertainment, Finance, Banking, Partnership, CVC Capital Partners, Partner, BlackRock, Multimedia, Acorn Jersey Open, Sale, HPS, Simon Property Group, Australian Boardriders Battle, Acquisition, Authentic Brands Group, Leonard Green & Partners, Shaquille O'Neal, Consumer, Growth, General Atlantic, Vince, Tourism, Authenticity, Reebok, Atlantic Ocean

Authentic Brands Group (Authentic), a global brand owner, marketing and entertainment platform, today announced a $500M primary follow-on investment from its current investor General Atlantic, a leading global growth equity firm.

Key Points: 
  • Authentic Brands Group (Authentic), a global brand owner, marketing and entertainment platform, today announced a $500M primary follow-on investment from its current investor General Atlantic, a leading global growth equity firm.
  • “General Atlantic’s increased investment in Authentic is a testament to the strength of our proprietary brand platform, business model and team,” said Jamie Salter, Founder, Chairman and CEO of Authentic.
  • “General Atlantic takes an innovative investment approach and shares our vision for building brand value for the long term.
  • Andrew Crawford, Managing Director and Global Head of Consumer at General Atlantic, said, “General Atlantic is proud to be a long-term partner to Jamie and the Authentic Brands Group team.

Ryan Stewart Joins MTS Health Partners

Retrieved on: 
Tuesday, June 6, 2023
WCAS, Partner, Research, Biopharma LLC, Sale, MTS, Warburg Pincus, Solomon Partners, Temasek, Leonard Green & Partners, Prime, CTI, Therapy, SVB Securities, Pharmaceutical industry, Pfizer

NEW YORK, June 6, 2023 /PRNewswire/ -- MTS Health Partners ("MTS"), a leading healthcare-dedicated investment bank that provides strategic and financial advice to the global healthcare industry, announced today that Ryan Stewart has joined the firm as a Partner in its New York office. As a key member of the MTS team, Ryan will work with Michael Ludwig to drive the firm's strategic initiatives in the rapidly evolving healthcare technology sector and expand the firm's industry-leading Healthcare Technology team.

Key Points: 
  • NEW YORK, June 6, 2023 /PRNewswire/ -- MTS Health Partners ("MTS"), a leading healthcare-dedicated investment bank that provides strategic and financial advice to the global healthcare industry, announced today that Ryan Stewart has joined the firm as a Partner in its New York office.
  • As a key member of the MTS team, Ryan will work with Michael Ludwig to drive the firm's strategic initiatives in the rapidly evolving healthcare technology sector and expand the firm's industry-leading Healthcare Technology team.
  • "We are thrilled to welcome Ryan to the MTS team," said Curtis Lane, Founding Partner of MTS.
  • "I am deeply honored to join MTS," said Ryan.

AerSale Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Wednesday, May 31, 2023
Air, Transport, Aerospace, Manufacturing, Vesey Street, Attention, AerSale, Capital market, Partner, Telephone, Securities and Exchange Commission (Nigeria), Sale, RBC Capital Markets, Prospectus, Equity capital markets, Leonard Green & Partners, Offering, Form S-3, Form, Security (finance)

AerSale Corporation (“AerSale” or the “Company”) (NASDAQ: ASLE) today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale, pursuant to a shelf registration statement on Form S-3 filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • AerSale Corporation (“AerSale” or the “Company”) (NASDAQ: ASLE) today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale, pursuant to a shelf registration statement on Form S-3 filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions.
  • No shares are being issued or sold by AerSale.
  • The Selling Stockholders will receive all of the proceeds from the Offering.

AerSale Announces Secondary Offering of Common Stock

Retrieved on: 
Tuesday, May 30, 2023
Aerospace, Manufacturing, Air, Transport, Engineering, Vesey Street, Attention, AerSale, Capital market, Partner, Telephone, Sale, RBC Capital Markets, Prospectus, Equity capital markets, Leonard Green & Partners, S-3, Offering, Form, Security (finance)

AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Selling Stockholders expect to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions.
  • No shares are being issued or sold by AerSale.
  • The Selling Stockholders will receive all of the proceeds from the Offering.