Thomas H. Lee Partners
 |
|
| Private Ownership | |
| Industry | Private equity |
| Founded | 1974 |
| Founder | Thomas H. Lee |
| Headquarters |
100 Federal Street Boston, Massachusetts, United States |
| Products | Leveraged buyout, growth capital |
| Total assets | $10 billion |
|
Number of employees
|
50+ (2007) |
| Website | www.thl.com |
Thomas H. Lee Partners, L.P. is an American private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations.
Founded in 1974, Thomas H. Lee Partners, often referenced as THL or THL Partners has raised approximately $22 billion of equity capital, investing in more than 100 businesses with an aggregate purchase price of more than $150 billion, completing over 200 add-on acquisitions. In 2012, Private Equity International ranked THL Partners 22nd of the top 300 private equity firms based on funds raised.
Thomas H. Lee Partners’ team includes 21 senior partners led by Anthony DiNovi and Scott M. Sperling, who became co-presidents of the firm in 1999. The firm's namesake, Thomas H. Lee, left the firm and formed Lee Equity Partners in 2006.
The firm has raised $22 billion since inception and is currently investing out of its $10 billion sixth fund:
Source: Preqin
Thomas H. Lee Partners invests in growth-oriented companies within three broad sectors: Business & Financial Services, Consumer & Healthcare, and Media & Information Services. The firm seeks acquisition candidates with opportunities for sustainable growth in their core and/or related businesses that are positioned to capitalize on key competitive advantages to increase market share, expand distribution or product lines and participate in industry consolidation.
Notable transactions sponsored by THL include Aramark,Conseco,Ceridian,Dunkin' Brands, Experian, Fidelity National Information Services, HomeSide Lending, Houghton Mifflin, inVentiv Health, Michael Foods,The Nielsen Company, ProSiebenSat.1, Snapple, Warner Chilcott, Warner Music Group and West Corporation.
On May 3, 2006, WMG apparently rejected a buyout offer from EMI In May 2011, the company announced its sale to Access Industries for US$3.3 billion in cash.[40] The price represented $8.25 a share, a 34% premium over the six-month-before average price and a 4% premium over the day-before price but a drop of 70+% since 2007.[41]
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Wikipedia