Thomas H. Lee Partners related stories
All articles and analysis
Genstar, Lee Equity lead $500m healthcare investmentMoelis Capital Partners also participated in financing the launch of mid-market healthcare industry lender MidCap Financial, which is led by the former Merrill Lynch Capital Healthcare Finance team.
- Private equity-backed companies turn to PIK
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.
- Advent partner joins THL IR team
Beverly Berman, formerly a partner on Advent International’s IR team, has been hired as a director at Thomas H. Lee Partners.
- Apollo, Blackstone to acquire $13bn in LBO loans
The private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.
- Report: IndyMac sought PE help before failure
The California bank, which was taken over by the government earlier this month, approached several private equity firms in search of rescue capital but found no takers.
- S&P: PIK-toggle notes may be harmful to debt-holders
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
- TH Lee, Bain and Clear Channel sue banks to force financing on $26bn deal
The banks have vowed to 'vigourously' fight the lawsuits, while a Texas judge has issued a temporary restraining order compelling them to fund the take-private bid.
- MoneyGram fails to meet closing conditions
The struggling payment services company has agreed to amend its recapitalisation agreement with TH Lee and Goldman Sachs.
- Providence closes Clear Channel TV deal at lower cost, settles lawsuits
The private equity firm, one of its lenders and Clear Channel have dispensed all litigation pursuant to the purchase of Clear Channel’s TV group, for which Providence has paid 28 percent less than originally agreed.
- JW Childs to launch $200m SPAC
The Boston private equity firm will tap the public market for fresh investment capital after a number of staff departures.