M&A Deal Summary

Thomas H. Lee Partners Acquires Hightower

On October 25, 2017, private equity firm Thomas H. Lee Partners acquired business services company Hightower

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 3rd transaction in the Business Services sector.
  • This is Thomas H. Lee Partners’ 51st transaction in the United States.
  • This is Thomas H. Lee Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2017-10-25
Target Hightower
Sector Business Services
Buyer(s) Thomas H. Lee Partners
Deal Type Recapitalization
Advisor(s) J.P. Morgan Securities (Financial)
Benesch, Friedlander, Coplan & Aronoff
Willkie Farr & Gallagher (Legal)

Target

Hightower

Chicago, Illinois, United States
HighTower provides its services to individuals, high net worth individuals, endowments and foundations, institutions, ERISA and other retirement accounts, pension and taft-hartley plans, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and institutional organizations such as colleges, universities. It manages separate client focused portfolios. Hightower was founded in 2008 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (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. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 61 of 90
Sector (Business Services) 3 of 4
Type (Recapitalization) 8 of 11
State (Illinois) 1 of 4
Country (United States) 51 of 77
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 CompuCom

Fort Mill, South Carolina, United States

CompuCom is a provider of end-to-end managed workplace services, infrastructure modernization, and digital consulting to enable the digital workplace for enterprise and mid-market organizations. CompuCom was founded in 1987 and is based in Fort Mill, South Carolina.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Guaranteed Rate

Chicago, Illinois, United States

Guaranteed Rate is a retail mortgage lender in the United States. The Company operates through three distribution channels: distributed retail, online direct-to-consumer and Guaranteed Rate Affinity, a joint-venture with Realogy Holdings Corporation (“Realogy”) established in 2017. Guaranteed Rate was founded in 2000 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal