The private equity firm made a $625 million strategic investment
Signet Jewelers has closed on Leonard Green and Partners’ $625 million strategic investment in the company.
In connection with the transaction, the private equity firm received convertible preferred shares, and Jonathan Sokoloff, LGP managing partner, was added to the Signet board of directors.
“Leonard Green [is] a long-term strategic investor who will provide a strong foundation to our shareholder base and bring added retail and financial expertise to our board of directors,” said Mark Light, CEO of Signet Jewelers, in a statement. “We view Leonard Green’s significant investment in Signet as a strong vote of confidence in our business and our long-term growth prospects.”