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What you need to know about Leonard Green & Partners

With Sir Philip Green poised to sell off a stake in Topman and Topshop to Leonard Green & Partners, Drapers takes a look at the American investor.

Founded in 1989 Leonard Green & Partners (LGP) has invested in 62 companies and has raised more than $15bn (£9.3bn) of private equity capital since it launched.

The LA based company says it invests in “established companies that are leaders in their markets”. Its investment philosophy is to target “cash flow positive businesses that have the ability to grow by at least 50% over a five-year period”.

The American investor partly owns US casualwear giant J Crew with American private equity firm TPG Capital, which they bought for $3bn in November 2010. J Crew is run by Mickey Drexler, former chief executive of Gap and a peer and friend of Green.

LGP and TPG have previously also backed companies including department store chain Debenhams.

LGP has made investments in retail companies including upscale US department store chain Neiman Marcus and luxury watch brand Tourneau. It also owns businesses in the finance, healthcare and banking industries.

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