THL logo

THL

North America, Massachusetts, United States, Boston

Description

Thomas H. Lee Partners (THL) is a distinguished private equity firm based in Boston, Massachusetts, established in 1974. With a long-standing history, THL focuses on identifying and acquiring substantial, often controlling, ownership stakes in companies. The firm is renowned for its deep sector expertise and a strategy centered on partnering with management teams to drive growth and operational improvements in its portfolio companies.

THL's investment approach is characterized by a focus on buyouts and significant growth equity investments within specific sectors. These include Business & Financial Services, Consumer, Healthcare, and Media & Information Services. The firm seeks out market-leading companies with strong competitive positions and significant growth potential. THL's value creation strategy often involves strategic acquisitions, operational enhancements, and digital transformation initiatives to build larger, more valuable enterprises.

Over its nearly five-decade history, THL has demonstrated significant scale, having raised over $34 billion in capital since its inception. This substantial capital base allows the firm to execute large-scale transactions. For instance, THL successfully closed its ninth flagship fund, THL Fund IX, at $5.6 billion in 2022, and an Automation Fund at $900 million in 2023, underscoring its continued ability to attract significant institutional capital. The firm's investments typically involve substantial equity commitments, reflecting its strategy of acquiring meaningful ownership positions in its target companies.

Investor Profile

THL has backed more than 29 startups, with 0 new investments in the last 12 months alone. The firm has led 19 rounds, about 66% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series C, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Germany, Israel.
  • Strong thematic focus on Health Care, Software, Supply Chain Management.
  • Typical check size: $100M – $500M.

Stage Focus

  • Private Equity (72%)
  • Series C (10%)
  • Series Unknown (7%)
  • Series D (3%)
  • Post Ipo Equity (3%)
  • Series A (3%)

Country Focus

  • United States (90%)
  • Germany (7%)
  • Israel (3%)

Industry Focus

  • Health Care
  • Software
  • Supply Chain Management
  • Finance
  • Artificial Intelligence (Ai)
  • Logistics
  • Information Technology
  • Financial Services
  • Hospital
  • Retail
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does THL frequently co-invest with?

AC
North America, Massachusetts, United States, Boston
Co-Investments: 1
ThedaCare
North America, Wisconsin, United States, Appleton
Co-Investments: 1
BG
North America, Virginia, United States, Mclean
Co-Investments: 1
Premier Inc
North America, North Carolina, United States, Charlotte
Co-Investments: 1
Mayfield Fund
North America, California, United States, Menlo Park
Co-Investments: 1
Norwest Venture Partners
North America, California, United States, Palo Alto
Co-Investments: 1
Weston Presidio Capital
North America, Massachusetts, United States, Boston
Co-Investments: 2
ZV
North America, Illinois, United States, Lincolnshire
Co-Investments: 2
Advent International
North America, Massachusetts, United States, Boston
Co-Investments: 2
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 1

Which angels does THL often collaborate with?

David Ossip
North America, Ontario, Canada, Toronto
Shared Deals: 1
PM
North America, New Jersey, United States, Hampton
Shared Deals: 1
Shared Deals: 1
JK
North America, New York, United States, New York
Shared Deals: 1
PM
North America, Pennsylvania, United States, Scranton
Shared Deals: 1

What are some of recent deals done by THL?

EA Elektro-Automatik

Viersen, Nordrhein-Westfalen, Germany

EA Elektro-Automatik is a manufacturer of laboratory power supplies, high-performance power supplies & electronic loads.

ElectronicsManufacturing
Private EquityOct 4, 2023
KINEXON

Munich, Bayern, Germany

Real-time location intelligence for the Internet of Things.

Artificial Intelligence (AI)Industrial AutomationIndustrial ManufacturingInformation TechnologyInternet of ThingsLogisticsSoftware
Series AApr 26, 2022
Amount Raised: $130,000,000
Qventus

Mountain View, California, United States

Qventus focuses on optimizing decisions in hospitals in real time to reduce costs, improve quality, and experience.

AnalyticsArtificial Intelligence (AI)Health CareHospitalMachine Learning
Private EquityFeb 28, 2022
Amount Raised: $50,000,000
RightHand Robotics

Somerville, Massachusetts, United States

RightHand Robotics provides end-to-end solutions that reduce the cost of e-commerce order-fulfillment of electronics, apparel, grocery.

ApparelArtificial Intelligence (AI)E-CommerceRoboticsSupply Chain Management
Series CFeb 23, 2022
Amount Raised: $66,000,000
Smile Doctors

Georgetown, Texas, United States

Smile Doctors is an orthodontics that focuses on dental service organizations.

DentalHealth CareHospitalMedical
Private EquityJan 5, 2022
Odessa

Philadelphia, Pennsylvania, United States

Odessa is a developer of lease accounting and asset management software for financial institutions.

Business IntelligenceFinanceLeasingSoftware
Private EquitySep 14, 2021
FourKites

Chicago, Illinois, United States

FourKites is a supply chain visibility platform designed for transportation into yards, warehouses, and stores.

Enterprise SoftwareLogisticsMachine LearningSoftwareSupply Chain Management
Series DMar 24, 2021
Amount Raised: $100,000,000
Ashling Partners

Chicago, Illinois, United States

Ashling Partners specializes in providing intelligent process automation and RPA.

Artificial Intelligence (AI)Industrial AutomationRobotics
Private EquityFeb 8, 2021
HighTower Advisors

Chicago, Illinois, United States

HighTower is a financial services company providing solutions for high-net-worth and institutional clients.

FinanceFinancial ServicesWealth Management
Private EquityDec 3, 2020
Phytech

Rosh Ha'ayin, HaMerkaz, Israel

Phytech is an Ag IoT company that develops plant-based farming applications.

AgricultureHardware
Series CSep 22, 2020
Amount Raised: $23,500,000