Lee Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Lee Equity Partners has acquired 8 companies. It has also invested in 4 others.

Lee Equity Partners’ most common sectors for investment arehealthcare services (27%) and financial services (14%) . The Firm’s most common investment types include secondary buyout (35%) and buyout (lbo, mbo, mbi) (29%). In total, Lee Equity Partners has invested in 15 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2005 when it acquired MemberHealth for $475M.

In the last 3 years, Lee Equity Partners has exited 6 companies. The Firm’s most common exit type is secondary buyout (53%). Lee Equity Partners’ largest (disclosed) exit occurred in 2016 when it sold Universal American for $800M.

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M&A Summary

  • M&A Total Activity55
    • M&A Buy Activity38
    • M&A Sell Activity17
  • Total Sectors Invested 16
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 17
  • M&A Advisors 21

Lee Equity Partners

Lee Equity Partners LLC

650 Madison Avenue, 21st Floor,
New York, New York 10022
United States
(212) 888-1500
www.leeequity.com
LeeEquityPartners@LeeEquity.com

Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Consumer Products, Distribution, Financial Services, Healthcare Services, Information Technology, Insurance, Manufacturing, Media, Plastics, Retail, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Recapitalization, PIPE, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 10 30
Investment Size 50 150
Enterprise Value 100 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.8/yr) # 24 2 3 3 3 3 38
vol $1.2B $161M $1.4B
Sell (1.2/yr) # 11 - 2 1 1 2 17
vol $1.9B $1.9B
  55

Most Recent M&A

Company Date Value Type
Cooper Parry Group Ltd. 2024-12-10 - Secondary Buyout
Derby, United Kingdom · www.cooperparry.com
Atria Wealth Solutions LLC 2024-10-01 - Trade Sale
New York, New York · www.atriawealth.com
Simplicity Group Holdings 2024-08-08 - Secondary Sale
Summit, New Jersey · www.simplicitygroup.com
Axis Insurance Managers, Inc. 2024-06-10 - Growth Capital
Vancouver, British Columbia · www.axisinsurance.ca
PCS Retirement LLC 2024-03-04 - Secondary Buyout
Philadelphia, Pennsylvania · www.pcs401k.com
Carisk Partners, Inc. 2023-12-04 - Recapitalization
Miami, Florida · www.cariskpartners.com
Cadent LLC 2023-08-09 - Secondary Sale
New York, New York · www.cadent.tv
TESSCO Technologies, Inc. 2023-04-12 161M USD Going Private
Hunt Valley, Maryland · www.tessco.com
Cardiovascular Logistics 2023-02-01 - Buyout (LBO, MBO, MBI)
Houma, Louisiana · www.cardiovascularlogistics.com
K2 Insurance Services LLC 2022-12-01 - Secondary Sale
San Diego, California · www.k2ins.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
McLarens Global Ltd. 2018-10-31 Lloyd Warwick International Ltd. 2020-06-12 5
Peachtree Corners, Georgia · www.mclarens.com London, United Kingdom · www.lwil.co.uk
Prelude Fertility, Inc. 2016-10-17 Vivere Health LLC 2017-10-30 3
Atlanta, Georgia · www.preludefertility.com Franklin, Tennessee · www.viverehealth.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 5 (25%) - 10 (26%) 475M (34%)
Financial Services 1 (5%) 110M (41%) 5 (13%) 368M (26%)
Business Services 3 (15%) - 5 (13%) -
Insurance 3 (15%) - 4 (11%) -
Apparel/Textiles 1 (5%) - 2 (5%) -
Restaurants - - 2 (5%) -
Retail - - 1 (3%) 395M (28%)
Technology Hardware 1 (5%) 161M (59%) 1 (3%) 161M (12%)
Consumer Products 1 (5%) - 1 (3%) -
Consumer Services 1 (5%) - 1 (3%) -
Distribution 1 (5%) - 1 (3%) -
Franchising - - 1 (3%) -
Information Technology 1 (5%) - 1 (3%) -
Media - - 1 (3%) -
Plastics 1 (5%) - 1 (3%) -
Transportation 1 (5%) - 1 (3%) -
Total 20 $271M 38 $1.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 17 (85%) 271M (100%) 34 (89%) 1.4B (100%)
  Florida 5 (25%) - 5 (13%) -
  Texas 2 (10%) 110M (41%) 5 (13%) 368M (26%)
  New York 1 (5%) - 5 (13%) -
  Pennsylvania 2 (10%) - 3 (8%) 395M (28%)
  California 1 (5%) - 3 (8%) -
  Georgia 2 (10%) - 2 (5%) -
  Maryland 1 (5%) 161M (59%) 2 (5%) 161M (12%)
  New Jersey - - 2 (5%) -
  Arizona 1 (5%) - 1 (3%) -
  Alabama 1 (5%) - 1 (3%) -
  Louisiana 1 (5%) - 1 (3%) -
  Ohio - - 1 (3%) 475M (34%)
  Arkansas - - 1 (3%) -
  Tennessee - - 1 (3%) -
  Colorado - - 1 (3%) -
Canada 2 (10%) - 3 (8%) -
  British Columbia 1 (5%) - 2 (5%) -
  Ontario 1 (5%) - 1 (3%) -
United Kingdom 1 (5%) - 1 (3%) -
Domestic 17 (85%) 271M (100%) 34 (89%) 1.4B (100%)
Cross-border 3 (15%) - 4 (11%) -
Total 20 $271M 38 $1.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 6 (30%) - 13 (34%) -
Buyout (LBO, MBO, MBI) 6 (30%) 110M (41%) 11 (29%) 585M (42%)
Growth Capital 5 (25%) - 6 (16%) -
Going Private 1 (5%) 161M (59%) 3 (8%) 814M (58%)
Recapitalization 1 (5%) - 3 (8%) -
Consolidation 1 (5%) - 1 (3%) -
PIPE - - 1 (3%) -
Total 20 $271M 38 $1.4B

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (53%) -
Trade Sale - Public Company 4 (24%) 1.9B (100%)
Trade Sale 2 (12%) -
Bankruptcy 1 (6%) -
IPO 1 (6%) -
Total 17 $1.9B

Top M&A Advisors

Financial Deals
BofA Securities
2
Evercore Group
2
Piper Sandler & Co.
2
Legal Deals
Weil Gotshal & Manges
5
DLA Piper
2
Ropes & Gray
2

Deal Values

buy # Total
$100M to $1B 5 $1.4B
TOTAL $1.4B
Largest MemberHealth, Inc.
$475M (2005-11-14)
sell # Total
$100M to $1B 3 $1.9B
TOTAL $1.9B
Largest Universal American Corp.
$800M (2016-11-17)

M&A Connections

Deals
Acquired from
Investor(s)
39%
15 (39%)
Exited to
Investor(s)
53%
9 (53%)
Strategic(s)
35%
6 (35%)

FAQ

When was Lee Equity Partners founded?

Lee Equity Partners was founded in 2006.

What type of investor is Lee Equity Partners?

Lee Equity Partners is a private equity firm.

Where is Lee Equity Partners headquartered?

Lee Equity Partners is headquartered in New York, New York.

How much capital does Lee Equity Partners have under management?

Lee Equity Partners has 4.4B USD under management.

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