Leonard Green & Partners Leads Recapitalization of WCG with Arsenal and Novo Holdings

BharCap Partners Invests in GCG Advisory Partners

September 10, 2025

Financial Services

BharCap Partners made a strategic recapitalization investment in GCG Advisory Partners, the parent of GCG Wealth Management, with GCG management rolling over significant equity. The transaction provides capital to accelerate GCG's M&A-driven acquisition strategy and Monetize & Scale platform; prior investor LNC Partners exited its investment.

Leonard Green & Partners and Hg Take Co-Controlling Stake in IRIS Software Group

December 23, 2023

Software

Leonard Green & Partners (LGP) will take a co-controlling stake in IRIS Software Group alongside existing investor Hg, with ICG remaining as a minority investor. The transaction values IRIS at an enterprise value of around £3.15 billion and is intended to support IRIS's continued scaling and expansion in North America; closing is subject to customary regulatory clearances.

Arsenal Capital Partners Recapitalizes Headwall Photonics

January 20, 2022

Manufacturing

Arsenal Capital Partners led a recapitalization of Headwall Photonics, becoming the majority owner in partnership with the company’s existing management and ownership. The deal will provide Headwall — a designer and manufacturer of hyperspectral imaging systems, spectral instrumentation, and optical components — with capital to accelerate product development and pursue organic and inorganic growth opportunities.

TPG Capital and Leonard Green & Partners Invest in WellSky

July 20, 2020

Healthcare Services

WellSky has agreed to a new capital partnership that adds Leonard Green & Partners alongside existing investor TPG Capital, with TPG making a new equity investment and creating a new capital structure for the company. The recapitalization is intended to accelerate WellSky's technology innovation and expansion across the post-acute and community care continuum; terms were not disclosed and the deal was expected to close in Q3 2020.

Astorg and Cinven Acquire LGC

November 21, 2019

Healthcare Services

A consortium led by private equity firms Astorg and Cinven has signed an agreement to acquire LGC, a UK-headquartered global leader in life sciences tools. The buyout will back LGC’s continued organic growth and M&A-led expansion across its standards, genomics and laboratory services businesses; financial terms were not disclosed and the transaction remains subject to regulatory approvals.

Leonard Green & Partners Acquires The Wrench Group from Investcorp

April 8, 2019

Industrial Services

Leonard Green & Partners (LGP) has agreed to acquire The Wrench Group, a national provider of home maintenance and repair services, from Investcorp. The transaction, announced April 8, 2019, will transfer ownership of the Wrench platform to LGP to support continued national expansion and growth; terms were not disclosed.