The Equation Series
Menu

Private Equity · Profile from Private Equity Research Companion

Thomas H. Lee Partners (THL)

13 deals and moves analysed

Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.

  1. 1989

    General Nutrition

    Leveraged Buyout of a Public Specialty Retailer

  2. 1992

    Snapple

    Founder-Owned Growth Buyout

  3. 1996

    Experian

    Corporate Carve-Out and Rapid Flip

  4. 1998

    Fisher Scientific

    Leveraged Recapitalization

  5. 2003

    Simmons Bedding

    Secondary Buyout with Dividend Recaps, Ending in Bankruptcy

  6. 2004

    Refco

    Majority Buyout of a Futures Broker, Ending in Fraud Collapse

  7. 2004

    Warner Music Group

    Corporate Carve-Out with Strategic Partner

  8. 2006

    Clear Channel Communications

    Mega Take-Private

  9. 2006

    Dunkin Brands

    Club Carve-Out of a Franchisor

  10. 2007

    Ceridian

    Take-Private with a Strategic Co-Investor

  11. 2012

    Party City

    Majority Recapitalization of a Vertically Integrated Retailer

  12. 2019

    Agiliti

    SPAC-Structured Buyout, IPO and Take-Private

  13. 2019

    AutoStore

    Secondary Buyout of a Warehouse Robotics Platform