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

Cost Cutting

COMMON

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

Debt Loading

COMMON

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

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.

Supplier Payment Delays

COMMON

supplier payment delays is a common PE tactic.

Portfolio Companies

Current and former holdings

Art Van Furniture

Party City

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.