Thomas Lee

Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate America, has passed away, according to ...

Lee started in the business as an analyst in the institutional research department of L.F. His bio on the firm’s site said over the last 46 years he has invested $15 billion of capital in hundreds of transactions. He was able to increase the value of Snapple before his sale to Quaker Oats mostly by growing the company and its sales, reportedly increasing revenue from $95 million a year to $750 million. The goal is often to sell the company in a relatively short period for a higher price, either to another buyer or by taking it public. In LBOs a buyer will borrow money to make a purchase, typically using the future earnings of the acquired company to pay off the loan. He helped pioneer an industry and mentored generations of young professionals who followed in his footsteps.”

American billionaire financier Thomas H. Lee, considered a pioneer of private equity investment and leveraged buyouts, died at the age of 78.

Lee Partners, which he founded in 1974, according to a biographical statement released by his family. Reuters could not immediately confirm the cause of death. We ask that our privacy be respected and that we be allowed to grieve."

Private-equity pioneer Thomas H. Lee died unexpectedly at 78, his colleagues and family said late Thursday. The New York Police Department said first ...

Lee was registered to him, the officials said. with what officers believe was a self-inflicted gunshot wound to the head. Thomas H.

Todd Abbrecht and Scott Sperling, co-CEOs at Thomas H. Lee Partners, said in a joint statement: "We are profoundly saddened by the unexpected passing of our ...

A biography on the website of Lee Equity Partners noted that Mr. Fann, who before joining Apogem in September was vice chairman and partner of alternative investment consultant Aksia. While the world knew him as one of the pioneers in the private equity business and a successful businessman, we knew him as a devoted husband, father, grandfather, sibling, friend and philanthropist who always put others' needs before his own." He helped pioneer an industry and mentored generations of young professionals who followed in his footsteps. More importantly, he was a generous and gracious individual who cared deeply about his friends, his family, and his community. Messrs Abbrecht and Sperling added: "Tom was an iconic figure in private equity.

Billionaire financier Thomas H. Lee was found in his office bathroom with a single gunshot wound to his head and his Smith & Wesson revolver next to him, ...

Lee went on to form Lee Equity, and in 2008, it raised $1.1. Lee — including how the onetime “envy of Wall Street” was found in his office bathroom with a single gunshot wound to his head and his Smith & Wesson revolver next to him, police sources told The Post. In 2006, after he and several of his key remaining longtime partners split with THL, Scott Sperling took over the firm that still bore Lee’s name. At the time of his death, Lee Equity Partners had spent a year raising a new fund. The revolver found at his side was registered and licensed to Lee in New York City, sources said. If you live outside the five boroughs, you can dial the 24/7 National Suicide Prevention hotline at 988 or go to In 1992, Lee invested $30 million of equity to buy Snapple. With that kind of serious leverage, he often reaped giant returns. With that kind of leverage, a big win could result in giant returns. In a statement issued Thursday, Lee family friend and spokesman Michael Sitrick said the Wall Street titan’s family was “extremely saddened” by his passing. He was considered the “envy of Wall Street” in the 1980s and ’90s, A resident of Lee’s Sutton Place apartment building in Manhattan, who served with the Wall Streeter on the board there, told The Post on Friday that he was “shocked” by the investor’s death.

Thomas H. Lee, a billionaire who pioneered private-equity deals and leveraged buyouts through a firm that bore his name, has died. He was 78.

Thomas Lee, a billionaire private equity investor best known for his takeover of Snapple in the 1990s, was found dead at age 78.

As of 2020, Lee had [reportedly](https://www.bloomberg.com/news/articles/2023-02-24/thomas-lee-was-a-private-equity-pioneer-before-kkr-blackstone?sref=aPhxMSeh) invested more than $15 billion in transactions through both firms. He was also a prominent philanthropist, with prolific donations to Harvard, the Lincoln Center and the Museum of Jewish Heritage, and was on the board at institutions like the Metropolitan Museum of Modern Art and New York University’s medical center. The company is also known for its successful takeovers of Warner Music and Dunkin’ Brands in 2003 and 2005 respectively. Lee Partners, now known as THL, in a A Harvard graduate, Lee worked as a bank lending officer before founding Thomas H. Lee Partners, a Boston-based private equity firm, in 1974.

The private equity world today is dominated by firms like Apollo Global Management, Blackstone Inc., Carlyle Group Inc. and KKR & Co., which trace their ...

A pioneer in private equity investing, Lee may be best known for buying and selling Snapple.

[988 Suicide & Crisis Lifeline](https://988lifeline.org/) by calling or texting 988. ET, at 1-800-950-NAMI (6264) or email [[email protected]](mailto:[email protected]). Lee had served as trustee at Lincoln Center for the Performing Arts, the Museum of Modern Art, NYU Langone Medical Center and the Whitney Museum of American Art, according to Lee Equity. Two years later, he sold it for $1.7 billion to Quaker Oats Co., banking an extraordinary return on his investment. The financier may be best known for his purchase and sale of drink maker Snapple, which his firm at the time bought for $135 million in 1992. Billionaire financier Thomas H.