Cathy Leonhardt is a Managing Director in the Mergers and Acquisitions Group.  She is also co-Head of PJ SOLOMON’s Global Retail Group.  She joined the Firm in 2003.


With more than 19 years of experience providing strategic and financial advisory services to clients, most recently Ms. Leonhardt advised OpCapita on its acquisition of maurices, Bare Necessities on its sale to Walmart, Fred’s Inc. on its announced sale of 185 Store’s Pharmacy Prescription Files to Walgreens, Groupe Rocher on its acquisition of Arbonne International, the Board of Directors of The Jones Group, Inc. on its sale to Sycamore Partners, PVH Corp. on its acquisition of the Warnaco Group and its sale of G.H. Bass & Co., TA Associates on its investment in Dutch LLC, PPR on its sale of The Sportsman’s Guide and OneStopPlus, and Ariat International on its expanded partnership with the Fisher family. Ms. Leonhardt advised Deckers on its acquisition of Sanuk, PPR on its acquisition of Volcom, PVH Corp. on its acquisition of Tommy Hilfiger, Quiksilver on its recapitalization and Athleta on its sale to The Gap. Ms. Leonhardt also represented PVH Corp. in its acquisition of Superba Inc., Kate Spade LLC in its sale to Liz Claiborne, J. Jill in its sale to Talbots, May in its merger with Federated, Loehmann’s in its sale to Crescent Capital Investments, and Barneys in its sale to Jones Apparel Group.

Prior to joining PJ SOLOMON, Ms. Leonhardt spent seven years at Morgan Stanley & Co., Inc., most recently as a Vice President in the mergers and acquisitions group where she was involved in domestic and cross-border acquisitions. At Morgan Stanley, Ms. Leonhardt’s selected transactions included: Sears’ acquisition of Land’s End, Tommy Hilfiger Corporation’s acquisition of Tommy Europe, Jones Apparel’s acquisition of McNaughton, merger of Monsanto and Pharmacia, Georgia-Pacific’s spin-off of The Timber Company to Plum Creek, and the sale of Donna Karan’s beauty business to Estée Lauder. Ms. Leonhardt began her career at Wachovia as an officer in the US Corporate Banking Group.


Ms. Leonhardt received her M.B.A. from the Kellogg School of Management at Northwestern University and a B.S. from the University of Alabama, graduating summa cum laude.

Professional Affiliations

  • Member, Cosmetic Executive Women (CEW)
  • Member, Culverhouse Board of Visitors, Culverhouse College of Commerce, University of Alabama