LGP process

Based on the most helpful WSO content, here's what you need to know about LGP (Leonard Green & Partners) in LA:

1. Culture:

   • LGP is known to be a solid investor with a focus on consumer retail but occasionally ventures into TMT (Technology, Media, and Telecom) and industrials deals.
   • The team is small, and the culture is considered "okay."
   • They pay above street, which is a notable perk.

2. Interview Process:

   • The process is heavily investment thesis-focused.
   • Expect to be asked about various business models and your views on them.
   • The interview typically includes a standard LBO test with a CIM (Confidential Information Memorandum).
   • You will likely present your case to a room of 3-4 people, including a partner.

3. Modeling Test:

   • The modeling test is standard for private equity interviews and involves LBO modeling.
   • The case is usually based on a private company but of a larger size.

If you're preparing for LGP, focus on honing your LBO modeling skills and developing strong investment theses for different business models. Good luck!

Sources: LA PE Firms Rep / Culture - LGP, Ares, Platinum Equity, Marlin Equity, Guide to LA IB Scene (2023 Edition), Post-MBA Recruiting At Top Asset Managers / LOs, Los Angeles IB SA Recruiting Mini-Guide