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433:. As a debtor-in-possession, Art Van could not prioritize paying employees over other creditors without a court order. To support the affected employees, THL established a 'Hardship Fund' and contributed an initial donation of $ 1 million. Additionally, THL pledged to match up to another $ 1 million in outside donations. In March 2021, THL fulfilled its matching commitment, leading to relief payments of approximately $ 1,200 per former Art Van employee.
1706:
1686:
36:
417:. Refco's collapse cost investors more than $ 1 billion and sparked multiple suits for negligence against the firm. THL in turn sued Refco's auditors and former executives claiming they hid the fraud which caused Refco's collapse. THL has since settled all claims by Refco’s brokerage customers, bankruptcy trustee and shareholders.
252:
Thomas H. Lee
Partners was founded in 1974 by Thomas H. Lee, often referred to as THL. As of 2022, THL had raised approximately $ 34 billion of equity capital, investmenting in more than 160 companies. The firm's portfolio includes over 500 add-on acquisitions representing an aggregate enterprise
256:
The firm's
Management Committee consists of Co-CEOs Todd Abbrecht and Scott Sperling, Chairman Tony DiNovi, and Managing Director Tom Hagerty. The firm's namesake, Thomas H. Lee, left the company and formed
429:, a furniture retailer owned by THL, filed for Chapter 11 bankruptcy. The company's going-out-of-business sales, approved two days before the filing, had to be suspended due to the onset of the
451:
companies seeking capital for growth, acquisition, recapitalization and/or change of control. In July 2020, THL Credit changed its name to First Eagle
Alternative Capital BDC, Inc.
465:
firm. TH Lee Putnam
Ventures manages $ 1.1 billion in capital commitments and has invested approximately $ 850 million in more than 43 companies since the firm's formation in 1999.
244:. The firm focuses on investing in middle market growth companies across various sectors, including financial technology, services, healthcare, technology, and business solutions.
861:
253:
value at acquisition of over $ 210 billion. In 2022, Private Equity
International ranked THL Partners 82nd among the top 300 private equity firms based on funds raised in 2021.
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Throughout its history, Thomas H. Lee
Partners has raised over $ 36 billion. The firm has launched various funds, such as:
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1143:(FundingUniverse.com, from International Directory of Company Histories, Vol. 24. St. James Press, 1999.)
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936:"Thomas H. Lee, Billionaire Investor Who Helped Acquire Warner Music From Time Warner, Dies at 78"
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1000:"Thomas H. Lee Reaches $ 145 Million Settlement with Refco Trustee and Brokerage Customers"
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684:"Brooks Automation to sell automation unit for $ 3 bln, scraps separation plans"
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acquired in 2020 by First Eagle
Investment Managed, provided junior debt to
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494:"Thomas H. Lee Partners, L.P.: Private Company Information - Businessweek"
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contracts, which collapsed suddenly in
October 2005 only months after its
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406:
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1371:
599:"AbacusNext Announces Sale to New Investor as It Continues Cloud Focus"
318:
823:"Thomas H. Lee Partners Buys Time With Secondary Deal for Hightower"
457:
is a technology-focused private equity firm affiliated with THL and
342:
330:
572:"TH Lee raising Fund VIII with Todd Abbrecht as first head of PE"
536:"Inriver Announces Growth Investment from Thomas H. Lee Partners"
374:
322:
1049:"Bankruptcy Claimed Their Jobs, and Now They're Out for Payback"
1025:"Art Van Furniture to close its stores, begin liquidation sales"
858:
1201:
876:"Buyout firm THL writes down $ 524 million investments: letter"
757:
Parent of Dunkin' Donuts Sold For $ 2.4 Billion to Equity Firms
172:
23:. For the private equity investor and founder of the firm, see
797:"THLee In Fourth Deal With William Foley's Fidelity National"
398:
334:
1104:"THL Credit Rebrands as First Eagle Alternative Capital BDC"
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In 2004, THL completed a leveraged buyout acquisition of
1116:
1182:
910:"Warner Chilcott Deal Promises 4x Return For Sponsors"
1133:
1074:"Ex-Art Van manager on company's bankruptcy, closure"
986:
Refco bankruptcy trustee sues Thomas H. Lee
Partners
585:
Thomas H. Lee forms new venture: Lee Equity
Partners
523:
Thomas H. Lee forms new venture: Lee Equity Partners
64:, and by adding encyclopedic content written from a
1093:. THL Credit (2013-06-30). Retrieved on 2013-08-16.
636:"Thomas H. Lee Partners in group acquiring Aramark"
1751:Financial services companies of the United States
222:
1771:Financial services companies established in 1974
1742:
934:Marshall, Elizabeth Dilts (25 February 2023).
733:"THL's CSafe attracts private equity interest"
707:"THL to make more than 2x on Ceridian HCM IPO"
317:Notable transactions sponsored by THL include
1168:
770:"Experian Investors Reap Substantial Returns"
1670:Private equity and venture capital investors
1147:Banks Balk at Paying for Clear Channel Deal
310:2020 – Continuation Fund II ($ 916 million)
1705:
1685:
1642:Taxation of private equity and hedge funds
1459:Private investment in public equity (PIPE)
1175:
1161:
862:Michael Foods To Be Bought For $ 1 Billion
307:2019 – Continuation Fund I ($ 867 million)
108:
1756:Private equity firms of the United States
483:, Private Equity International, May 2012.
84:Learn how and when to remove this message
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1766:American companies established in 1974
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847:Vivendi Confirms Houghton Mifflin Sale
596:
431:COVID-19 pandemic in the United States
347:Fidelity National Information Services
313:2021 – Automation Fund ($ 900 million)
45:contains content that is written like
1156:
1119:. Thlpv.com. Retrieved on 2013-08-16.
907:
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1776:1974 establishments in Massachusetts
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29:
821:Kreutzer, Laura (3 December 2020).
731:Pringle, Sarah (19 November 2018).
13:
554:"PEI 300 Top private equity firms"
14:
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988:, New York Times, August 9, 2007.
874:Davies, Megan (22 January 2009).
294:2019 - Fund VIII ($ 3.59 billion)
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705:Beltran, Luisa (26 April 2018).
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441:THL's past affiliates include:
291:2016 - Fund VII ($ 2.6 billion)
279:1996 - Fund III ($ 1.4 billion)
1442:Publicly traded private equity
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597:Warren, Zach (11 March 2021).
590:
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297:2022 - Fund IX ($ 5.6 billion)
288:2006 - Fund VI ($ 8.1 billion)
282:1998 - Fund IV ($ 3.5 billion)
276:1989 - Fund II ($ 568 million)
264:
1:
1710:List of venture capital firms
896:Thomas H. Lee In Snapple Deal
795:Bills, Steve (10 June 2013).
436:
285:2001 - Fund V ($ 6.1 billion)
1690:List of private equity firms
1447:Business Development Company
1106:. ABFJournal. July 24, 2020.
998:Beck, Susan (4 March 2011).
908:Gelsi, Steve (28 May 2013).
574:. PE Hub. December 15, 2017.
558:Private Equity International
273:1984 - Fund I ($ 66 million)
234:Thomas H. Lee Partners, L.P.
103:Thomas H. Lee Partners, L.P.
16:American private equity firm
7:
142:; 50 years ago
25:Thomas H. Lee (businessman)
10:
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1534:High-net-worth individuals
1324:Leveraged recapitalization
498:investing.businessweek.com
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95:
19:This article is about the
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1761:Companies based in Boston
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1382:Venture capital financing
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1329:Dividend recapitalization
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1023:Reindl, JC (2020-03-05).
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405:company specializing in
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1489:Institutional investors
849:,(New York Times, 2002)
664:. Reuters. 5 April 2021
1627:Liquidation preference
1592:Distribution waterfall
1544:Sovereign wealth funds
1149:(New York Times, 2008)
967:. Reuters. 1 June 2006
898:(New York Times, 1992)
864:(New York Times, 2003)
455:TH Lee Putnam Ventures
240:firm headquartered in
1700:Venture capital firms
1452:Venture capital trust
759:(New York Times, 2005
66:neutral point of view
1680:Private equity firms
1408:Private equity firms
1357:Post-money valuation
1234:Equity co-investment
504:on September 5, 2007
353:, HomeSide Lending,
1730:Portfolio companies
1647:Undercapitalization
1499:Insurance companies
1417:Limited partnership
1362:Pre-money valuation
1004:The American Lawyer
827:Wall Street Journal
686:. 20 September 2021
640:www.bizjournals.com
587:(MarketWatch, 2006)
560:. February 2, 2022.
525:(MarketWatch, 2006)
461:, a leading global
445:THL Credit Advisors
367:The Nielsen Company
259:Lee Equity Partners
209:Number of employees
104:
98:Lee Equity Partners
58:promotional content
21:private equity firm
1582:Capital commitment
1352:Business incubator
1319:Buy–sell agreement
1078:Detroit Free Press
1029:Detroit Free Press
965:The New York Times
776:. 15 November 1996
459:Putnam Investments
421:Art Van Bankruptcy
403:financial services
383:Warner Music Group
351:Hightower Advisors
169:100 Federal Street
102:
60:and inappropriate
1738:
1737:
1587:Capital structure
1472:
1471:
1314:Divisional buyout
1309:Management buyout
1304:Financial sponsor
1080:. March 16, 2021.
774:Los Angeles Times
427:Art Van Furniture
373:, Smile Doctors,
327:Brooks Automation
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500:. Archived from
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481:PEI 300 - Top 50
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463:money management
387:West Corporation
355:Houghton Mifflin
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188:Leveraged buyout
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1387:Venture debt
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1514:Foundations
1437:Pledge fund
1229:Secondaries
407:commodities
302:Other Funds
265:Investments
213:100+ (2022)
1745:Categories
1602:Envy ratio
1509:Endowments
1372:Seed money
1286:Terms and
1091:THL Credit
1059:2021-02-17
1034:2020-03-05
1009:2021-02-17
437:Affiliates
319:AbacusNext
96:See also:
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1572:Cap table
1477:Investors
1401:Structure
1219:Mezzanine
1207:Leveraged
971:9 January
945:9 January
940:Billboard
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605:. Law.com
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261:in 2006.
1622:Leverage
1558:Related
1288:concepts
343:Experian
331:Ceridian
184:Products
127:Industry
1632:M&A
1339:Venture
1244:History
1214:Venture
914:Buyouts
801:Buyouts
411:futures
375:Snapple
323:Aramark
248:History
218:Website
155:Founder
145: (
137:Founded
121:Private
1597:EBITDA
1296:Buyout
1224:Growth
1202:Buyout
1117:TH Lee
737:PE Hub
711:PE Hub
385:, and
242:Boston
173:Boston
1412:funds
1277:2020s
1272:2010s
1267:2000s
1262:1990s
1257:1980s
469:Notes
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335:CSafe
1464:SPAC
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