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Shining a light on PE ownership.

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TH
Private Equity Firm

Thomas H. Lee Partners

AUM$18 billion
Founded1974
HQBoston, MA

Boston-based private equity firm with consumer and healthcare focus.

Track Record

Performance
Total Acquisitions2
Bankruptcy Rate100%
Avg Hold Period0.0yrs
High-Risk Track Record

100% of companies owned by this firm have filed for bankruptcy. This is significantly above the industry average.

Known Tactics

Playbook

Debt Loading

COMMON

Adding significant debt to acquired company balance sheets, often to fund dividends to PE owners.

Cost Cutting

COMMON

Aggressive reduction in labor costs, supplier payments, and operational expenses.

Real Estate Sale-Leaseback

COMMON

real estate sale-leaseback is a common PE tactic.

Reduced Inventory Investment

COMMON

reduced inventory investment is a common PE tactic.

Deferred Maintenance

COMMON

deferred maintenance is a common PE tactic.

Portfolio Companies

Current and former holdings

AR

Art Van Furniture

retail·2017
ACTIVE
PA

Party City

retail·2012
ACTIVE

Notable Outcomes

Case Studies

Failures

Art Van Furniture

N/A

Art Van Furniture experienced difficulties under PE ownership.

Party City

N/A

Party City experienced difficulties under PE ownership.