To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Languages
Recent
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

Leonard Green & Partners

From Wikipedia, the free encyclopedia

Leonard Green & Partners, L.P.
Company typePrivate
IndustryPrivate equity
FoundedJanuary 7, 1989; 35 years ago (1989-01-07)
FounderLeonard I. Green
HeadquartersLos Angeles, California, United States
ProductsLeveraged buyout
AUMUS$70 billion (June 2022)
Number of employees
66
Websiteleonardgreen.com

Leonard Green & Partners, L.P. (LGP) is an American private equity investment firm founded in 1989 and based in Los Angeles.[1] The firm specializes in private equity investments. LGP has invested in over 95 companies since its inception, including Petco and The Container Store.[2][3]

In June 2023, Leonard Green & Partners were ranked 20th in Private Equity International's PEI 300 ranking of the largest private equity firms in the world.[4]

YouTube Encyclopedic

  • 1/5
    Views:
    7 737 870
    19 125
    1 347
    1 725
    890 124
  • Introduction to Anatomy & Physiology: Crash Course A&P #1
  • How To Make A Laser Microscope - DIY Project That Is Very Easy To Make | SciWorx Physics & Biology
  • Your Ultimate Guide to Selling on Amazon in 2021 [Increase Your Sales!] - GoSeller 2021
  • China, Emerging & Frontier Markets w/ Kevin Carter (MI103)
  • Murderous Minds: Fred & Rose West | Serial Killer Documentary

Transcription

I’d like you to take a second and really look at yourself. I don’t mean take stock of your life, which really isn't any of my business, but I mean just look at your body. Hold up a hand and wiggle it around. Take a sip of water. Hold your breath. Sniff the air. These things are so simple for most of us that we don’t give them a moment’s thought. But each one of those things is, oh, SO much more complex than it feels. Every movement you make, every new day that you live to see, is the result of a collection of systems working together to function properly. In short, you, my friend, are a magnificent beast. You are more convoluted and prolific and polymorphously awesome than you probably even dare to think. For instance, did you know that, if they were all stretched out, your intestines would be about as long as a three story building is tall? Or that by the time you reach old age, you’ll have produced enough saliva to fill more than one swimming pool? Or that you lose about two-thirds of a kilogram every year in dead skin cells? And you will lose more than 50 kilograms of them in your lifetime? Just tiny, dried-up pieces of you, drifting around your house, and settling on your bookshelves, feeding entire colonies of dust mites. You’re your own little world. And I’m here to help you get to know the body that you call a home, through the twin disciplines of anatomy - the study of the structure and relationships between body parts, and physiology - the science of how those parts come together to function, and keep that body alive. Anatomy is all about what your body is, physiology is about what it does. And together, they comprise the science of us. It’s a complicated science - I’m not gonna lie to you - and it draws on a lot of other disciplines, like chemistry and even physics. And you’ll have to absorb a lot of new terms - lots of Latin, gobs of Greek. But this course isn't just gonna be an inventory of your individual parts, or a diagram of how a slice of pizza gives you energy. Because these disciplines are really about why you’re alive right now, how you came to be alive, how disease harms you, and how your body recovers from illness and injury. It's about the big-picture things that we either spend most of our time thinking about, or trying not to think about: death, and sex, and eating, and sleeping, and even the act of thinking itself. They’re all processes that we can understand through anatomy and physiology. If you pay attention, and if I do my job well enough, you’ll come out of this course with a richer, more complete understanding not only of how your body works, to produce everything from a handshake to a heart attacks, but I think you’ll also start to see that you really are more than just the sum of your parts. We have come to understand the living body by studying a lot of dead ones. And for a long time, we did this mostly in secret. For centuries, the dissection of human bodies was very taboo in many societies. And as a result, the study of anatomy has followed a long, slow, and often creepy road. The 2nd century Greek physician Galen gleaned what he could about the human form by performing vivisections on pigs. Da Vinci poked around dead bodies while sketching his beautifully detailed anatomical drawings, until the pope made him stop. It wasn’t until the 17th and 18th centuries that certified anatomists were allowed to perform tightly regulated human dissections -- and they were so popular that they were often public events, with admission fees, attended by the likes of Michelangelo and Rembrandt The study of human anatomy became such a craze in Europe that grave-robbing became a lucrative, if not legal, occupation … until 1832, when Britain passed the Anatomy Act, which provided students with plentiful corpses, in the form of executed murderers. Today, students of anatomy and physiology still use educational cadavers to learn, in person and hands-on, what’s inside a human body by dissecting them. And it’s totally legal. The cadavers are volunteers -- which is what people mean when they say they’re “donating their body to science.” So what have all of these dead bodies shown us? Well, one big idea we see over and over is that the function of a cell or an organ or a whole organism always reflects its form. Blood flows in one direction through your heart simply because its valves prevent it from flowing backward In the same way, your your bones are strong and hard and this allows them to protect and support all your soft parts. The basic idea -- that what a structure can do depends on its specific form -- is called the complementarity of structure and function. And it holds true through every level of your body’s organization, from cell to tissue to system. And it begins with the smallest of the small: atoms. Just like the chair you’re sitting on, you are just a conglomeration of atoms -- about 7 octillion of them, to be precise. Fortunately for both of us here, we've covered the basics of chemistry that every incoming physiology student needs to know, in Crash Course Chemistry. So I’ll be referring you there throughout the course, when it comes to how things work at the atomic level. But the next level up from the chemistry of atoms and molecules includes the smallest units of living things -- cells. All cells have some basic functions in common, but they also vary widely in size and shape, depending on their purpose. For example! One of the smallest cells in your body is the red blood cell, which measures about 5 micrometers across. Now contrast that with the single motor neuron that runs the length of your entire leg, from your big toe to the bottom of your spine, about a meter from end to end. Typically, cells group with similar cells to form the next level of organization: tissues, like muscles, membranes and cavity linings, nervous, and connective tissues. When two or more tissue types combine, they form organs -- the heart, liver, lungs, skin and etcetera that perform specific functions to keep the body running. Organs work together and combine to get things done, forming organ systems. It’s how, like, the liver, stomach, and intestines of your digestive system all unite to take that burrito from plate to pooper. And finally, all those previous levels combine to form the highest level of organization -- the body itself. Me and you and your dog -- we’re all glorious complete organisms, made from the precise organization of trillions of cells in nearly constant activity. This ability of all living systems to maintain stable, internal conditions no matter what changes are occurring outside the body is called homeostasis, and it’s another major unifying theme in anatomy and physiology. Your survival is all about maintaining balance -- of both materials and energy. For example, you need the right amount of blood, water, nutrients, and oxygen to create and disperse energy, as well as the perfect body temperature, the right blood pressure, and efficient movement of waste through your body, all that needs to stay balanced. And by your survival depending on it? I mean that everyone’s ultimate cause of death is the extreme and irreversible loss of homeostasis. Organ failure, hypothermia, suffocation, starvation, dehydration -- they all lead to the same end, by throwing off your internal balances that allow your body to keep processing energy. Take an extreme and sudden case -- your arm pops off. If nothing is done quickly to treat such a severe wound, you would bleed to death, right? But … what does that really mean? What's gonna happen? How do I die? Well, that arterial wound, if left untreated, will cause a drastic drop in blood pressure that, in turn, will prevent the delivery of oxygen throughout the body. So the real result of such an injury -- the actual cause of death -- is the loss of homeostasis. I mean, you can live a full and healthy life without an arm. But you can’t live without blood pressure, because without blood, your cells don’t get oxygen, and without oxygen, they can’t process energy, and you die. With so many connected parts needed to make your life possible, you can see how we need a hyper-precise language to identify the parts of your body and communicate what’s happening to them A doctor isn't gonna recommend a patient for surgery by telling the surgeon that the patient has an “achey belly.” They’re going to need to give a detailed description -- essentially, it's like a verbal map So, over time, anatomy has developed its own standardized set of directional terms that described where one body part is in relation to another. Imagine a person standing in front of you -- this is what’s called the classic anatomical position -- where the body is erect and facing straight ahead, with arms at the sides and palms forward. Now imagine slicing that person into different sections, or planes. Don't imagine it too graphically though. The sagittal plane comes down vertically and divides a body or organ in left and right parts. If you imagine a plane parallel to the sagittal plane, but off to one side, that plane is the parasagittal. The coronal, or frontal plane splits everything vertically into front and back. And the transverse, or horizontal plane divides the body top and bottom. Look at that body again and you’ll notice more divisions, like the difference between the axial and appendicular parts. Everything in line with the center of the body -- the head, neck, and trunk -- are considered axial parts, while the arms and legs -- or appendages-- are the appendicular parts that attach to the body’s axis. Everything at the front of your body is considered anterior, or ventral, and everything in the back is posterior, or dorsal. So your eyes are anterior, and your butt is posterior, but you’d also say that your breastbone is anterior to, or in front of, the spine, and that the heart is posterior to, or behind the breastbone. Features toward the top of your body, like your head, are considered superior, or cranial, while structures that are lower down are inferior, or caudal. So the jaw is superior to the lungs because it’s above them, while the pelvis is inferior to the stomach because it’s below it. And, there's more: if you imagine that center line running down the axis of a body, structures toward that midline are called medial, while those farther away from the midline are lateral. So the arms are lateral to the heart, and the heart is medial to the arms. Looking at the limbs -- your appendicular parts of your body -- you’d call the areas closer to the center of the trunk proximal, and those farther away distal. In anatomy-talk, your knee is proximal to your ankle because it’s closer to the axial line, while a wrist is distal to the elbow because it’s farther from the center. Okay, so pop quiz! I’m eating a club sandwich -- I'm not, I wish I was, but imagine I am. I’m so ravenous and distracted that I forget to take out that little frilly toothpick at the top, and I end up swallowing it with a raft of turkey, bacon, and toast. A fragment of the toothpick gets lodged somewhere in here, and my doctor takes an x-ray, and says I need surgery. Using anatomical language, how would she direct the surgeon to that tiny wooden stake inside of me? She might describe it as being “along the medial line, posterior to the heart, but anterior to the vertebrae, inferior to the collarbone, but superior to the stomach.” That would give the surgeon a pretty good idea of where to look -- in the esophagus, just above to the stomach! I warned you at the beginning: Lots of terms! But all those terms might have just saved my life. And it’s the end of your first lesson, and you’ve already started to talk the talk. Today you learned that anatomy studies the structure of body parts, while physiology describes how those parts come together to function. We also talked about some of these disciplines’ central principles, including the complementarity of structure and function, the hierarchy of organization, and how the balance of materials and energy known as homeostasis is really what keeps you alive. And then we wrapped it all up with a primer on directional terms, all held together with a toothpick. Thank you for watching, especially to our Subbable subscribers, who make Crash Course available not just to themselves, but also everyone else in the world. To find out how you can become a supporter, just go to subbable.com. This episode was written by Kathleen Yale, edited by Blake de Pastino, and our consultant, is Dr. Brandon Jackson. Our director and editor is Nicholas Jenkins, the script supervisor is Valerie Barr, the sound designer is Michael Aranda, and the graphics team is Thought Café.

History

Leonard Green was founded by Leonard I. Green in 1989[5] after separating from Gibbons, Green and van Amerongen Ltd. (Gibbons Green), a bank which he had co-founded in 1969 with Edward Gibbons and Lewis van Amerongen.[6][7] Leonard Green died in 2002, leaving the firm to be run by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff.[5]

The firm's predecessor, Gibbons Green was among the earliest practitioners of the leveraged buyout and management buyout.[6][7] Gibbons Green purchased several companies, including Purex Industries in 1982,[8] Budget Rent a Car from Transamerica in 1986 and Kash n' Karry Food Stores in 1988.[6][7][9] The company planned to purchase Argonaut Group Inc in 1987, but withdrew from the buyout.[10]

The dissolution of Gibbons Green and the formation of Leonard Green & Partners is attributed by some to the failure of two buyouts: Ohio Mattress Company and Sheller-Globe Corporation.[11][12][13]

In 2019, LGP named John Baumer and Evan Hershberg co-heads of the Jade Fund.[14]

In March 2020, partners at LGP committed to plans for a $10 million employee-assistance fund for employees of Leonard Green portfolio companies impacted by the COVID-19 pandemic.[15][16]

Notable investments

In 1996, LGP sold its stake of Thrifty Payless to Rite Aid Corporation.[17]

Between 1997 and 2008, LGP made several acquisitions, including Leslie's Poolmart and Petco.[18][2]

In 2016, LGP closed Green Equity Investors VII, L.P. ("GEI VII"), with $9.6 billion of committed capital.[19] In 2019, LGP raised $14.75 billion for two new funds.[14]

Between 2009 and 2018, LGP's acquisitions included The Container Store and Jo-Ann Stores, and The Shade Store, among others.[3][20][21] In 2012, LGP invested in Shake Shack.[22]

In July 2020, LGP, alongside TPG Capital, invested in WellSky, a health and community care technology company.[23] In November 2020, LGP acquired Service Logic from Warburg Pincus.[24][25]

In February 2021, ProPublica reported on a dispute between LGP and Rhode Islands regulators and legislators over LGP's divestment in Prospect Medical Holdings.[26][27]

In November 2017, LGP purchased PureGym, Britain's largest gym chain by membership.

References

  1. ^ "Leonard Green & Partners, L.P.: Private Company Information – Bloomberg". www.bloomberg.com. Retrieved 2017-10-03.
  2. ^ a b "COMPANY NEWS; MANAGEMENT-LED GROUP TO BUY PETCO FOR $505 MILLION". New York Times. 2000-05-18. Retrieved 2013-12-10.
  3. ^ a b Hughes, Elaine (2007-07-02). "Private firm buys Container Store". Usatoday.Com. Retrieved 2013-12-10.
  4. ^ "PEI 300 | The Largest Private Equity Firms in the World". Private Equity International. 2023-06-01. Retrieved 2023-06-02.
  5. ^ a b Witkowsky, Christopher (2011-10-06). "Leonard Green changes terms amid fundraise". Private Funds CFO. Retrieved 2019-10-15.
  6. ^ a b c "Gibbons, Green Separation". The New York Times. 1989-05-05. ISSN 0362-4331. Retrieved 2019-12-06.
  7. ^ a b c "Gibbons, Green Adept in Risky Field : Bicoastal Firm Becomes Major Player in Leveraged Buyouts". Los Angeles Times. 1986-09-07. Retrieved 2019-12-06.
  8. ^ "Purex Merger Is Approved". The New York Times. 1982-08-12. Retrieved 2016-04-28.
  9. ^ Staff, Denise L. Smith of The Sentinel. "KASH N' KARRY BUYS MARKETS FROM KROGER". OrlandoSentinel.com. Retrieved 2019-12-06.
  10. ^ Special to the New York TimesPublished: December 23, 1987 (1987-12-23). "COMPANY NEWS; Gibbons Cancels Argonaut Buyout". New York Times. Retrieved 2013-12-10.{{cite news}}: CS1 maint: numeric names: authors list (link)
  11. ^ Bartlett, Sarah (1989-11-06). "Wall Street's Treacherous Side". New York Times. Retrieved 2013-12-10.
  12. ^ Bartlett, Sarah (1989-10-13). "Filing Discloses Dispute Over Sale of Sheller-Globe". New York Times. Retrieved 2013-12-10.
  13. ^ Published: May 05, 1989 (1989-05-05). "Gibbons, Green Separation". New York Times. Retrieved 2013-12-10.{{cite news}}: CS1 maint: numeric names: authors list (link)
  14. ^ a b Bunker, Ted (2019-12-09). "WSJ News Exclusive | Buyout Firm Leonard Green Raises Nearly $15 Billion for Two New Funds". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-02-19.
  15. ^ Witkowsky, Chris (2020-03-19). "Leonard Green executives to form $10m employee-assistance fund". Buyouts. Retrieved 2020-07-21.
  16. ^ "PE Daily: Leonard Green Partners Commit to Employee Assistance Funds | Crude Price Drop Dooms First Reserve Portfolio Company | KKR Defies Chaos". Wall Street Journal. 2020-03-19. ISSN 0099-9660. Retrieved 2020-07-21.
  17. ^ "Rite Aid to buy rival chain - Oct. 14, 1996". money.cnn.com. Retrieved 2020-11-11.
  18. ^ "LESLIE'S POOLMART TAKEN PRIVATE IN $140 MILLION DEAL – New York Times". The New York Times. 1997-06-13. Retrieved 2013-12-10.
  19. ^ "Leonard Green and Partners | Leading private equity investment firm based in Los Angeles". www.leonardgreen.com. Retrieved 2017-09-07.
  20. ^ "Jo-Ann Stores to Be Acquired by Leonard Green & Partners, L.P. for $61.00 Per Share in Cash | Business Wire". www.businesswire.com. 23 December 2010. Retrieved 2016-12-02.
  21. ^ Hirsch, Lauren (2018-08-09). "Private equity giant Leonard Green takes another chance on retail, buying online retailer Shade Store". CNBC. Retrieved 2018-08-17.
  22. ^ Severson, Kim; De La Merced, Michael (29 January 2015). "Shake Shack, Born in a Park, Is Going Public With Big Dreams". DealBook. Archived from the original on 6 October 2019. Retrieved 2020-02-19.
  23. ^ Collins, Leslie (21 July 2020). "WellSky adds Leonard Green as new majority stakeholder". Kansas City Business Journal.
  24. ^ Cutchin, James (5 November 2020). "Leonard Green Acquires Service Logic | Los Angeles Business Journal". Los Angeles Business Journal. Retrieved 2020-11-09.
  25. ^ Bunker, Ted (2020-10-15). "Leonard Green Emerges as Buyer for Warburg's Service Logic". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-11-09.
  26. ^ Elkind, Peter (February 4, 2021). "Rich Investors Stripped Millions From a Hospital Chain and Want to Leave It Behind. A Tiny State Stands in Their Way". ProPublica. Retrieved February 7, 2021.
  27. ^ Elkind, Peter; Burke, Doris (September 30, 2020). "Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn't Pay for Medical Supplies or Gas for Ambulances". ProPublica. Retrieved February 7, 2021.

External links

This page was last edited on 6 April 2024, at 20:35
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.