Thomas H. Lee Partners (THL), founded in 1974, is a private equity firm headquartered in Boston, Massachusetts, specializing in recapitalizations, special situations, growth capital, leveraged buyouts, and industry consolidations.
The firm has raised over $22 billion in capital, and has invested in over 100 companies with purchase prices totaling more than $125 billion. The THL approach targets businesses in positions of market leadership with key competitive advantages, such as establish market brands, unique product features, or cost advantages in manufacturing, distribution, or other areas, in order to increase free cash flow and revenue by providing management consultation, market sector expertise, access to industry relationships, and financial services.
THL focuses on several key market sectors, including media and communications, business and information services, healthcare, industry, financial services, and consumer products and retail. The firm has raised a total of six funds, and is currently investing out of Fund VI, a $10.1 billion fund.
Prominent THL portfolio companies include media company Clear Channel Communications, music distributor Warner Music Group, television ratings group The Nielsen Company, and retail food and beverage franchiser Dunkin’ Brands, parent company of Dunkin’ Donuts and Baskin Robbins.
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