M&A Deal Summary

Thomas H. Lee Partners Acquires Art Van Furniture

On January 25, 2017, private equity firm Thomas H. Lee Partners acquired retailer Art Van Furniture

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 2nd transaction in the Retail sector.
  • This is Thomas H. Lee Partners’ 48th transaction in the United States.
  • This is Thomas H. Lee Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2017-01-25
Target Art Van Furniture
Sector Retail
Buyer(s) Thomas H. Lee Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) RBC Capital Markets (Financial)

Target

Art Van Furniture

Warren, Michigan, United States
website
Art Van Furniture, Inc. is a furniture retailer. The company operates 100 stores throughout michigan, illinois, ohio, and indiana, including freestanding Art Van pureSleep mattress stores, Art Van flooring stores, and Art Van Furniture franchise locations as well as a full service e-commerce website.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1974
PE ASSETS 25.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 58 of 82
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 13 of 14
State (Michigan) 1 of 2
Country (United States) 48 of 70
Year (2017) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Auction.com

Irvine, California, United States

Auction.com LLC is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-14 MHS

Mount Washington, Kentucky, United States

MHS is a provider of e-commerce infrastructure, enabling systems automation for top logistics and e-commerce companies in the world. MHS services its customers and the parcel industry through best-in-class turnkey engineering design services, software, and equipment. MHS was founded in 1975 and is based in Mount Washington, Kentucky.

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