Thomas H. Lee Partners related stories
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Shansby spinoff closes debut fund on $325m(3)California-based VMG Equity Partners plans to focus on ‘highly branded consumer products companies’, and will use its relationship with LA talent agency The Firm to promote portfolio companies.
- Shansby spinoff closes debut fund on $325m(2)
California-based VMG Equity Partners plans to focus on ‘highly branded consumer products companies’, and will use its relationship with LA talent agency The Firm to promote portfolio companies.
- EMI agrees to £2.4bn Terra Firma bid
The world’s third largest recording company, EMI, has accepted a £2.4 billion, eleventh-hour bid from UK private equity firm Terra Firma.
- JW Childs spin-out imminent
Dana Schmaltz and Ted Yun, two of JW Child’s most senior US-based partners, are reportedly preparing to leave the Boston firm to launch their own buyout shop.
- Private equity backs its own in US election(2)
The US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
- TH Lee, Bain increase Clear Channel bid(2)
Thomas H. Lee and Bain Capital have increased their offer for Clear Channel by nearly 4 percent, valuing the buyout at more than $27 billion. The private equity firms have said it is their final offer.
- Clear Channel board reverses bid rejection
Clear Channel’s board is now in talks with Bain Capital and TH Lee regarding the sweetened offer it rejected last week. This latest twist comes one day before shareholders were meant to vote on the buyout.
- Sweetened bid for Clear Channel rejected(2)
Clear Channel’s board has rejected a 0.5 percent higher bid for the media giant from TH Lee and Bain Capital, saying it would delay next week’s shareholder vote on the buyout. Two weeks ago, the private equity firms upped their bid by 4 percent and had said that was their ‘best and final offer’.
- Buyout battle looms for Thomson division(2)
Some of the world’s biggest buyout firms are set to fight it out for the $3.5 billion-valued higher education division of publishing company Thomson, in the latest demonstration of private equity’s appetite for the sector.
- Providence to buy Clear Channel division for $1.2bn(2)
Clear Channel is selling a group of 54 television stations to Providence Equity Partners for $1.2 billion. The media giant is also in agreements to sell 161 radio stations for $331 million.