M&A Deal Summary

Thomas H. Lee Partners Acquires Standish Management

On September 15, 2023, private equity firm Thomas H. Lee Partners acquired business services company Standish Management for 1.6B USD

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 4th transaction in the Business Services sector.
  • This is Thomas H. Lee Partners’ 18th largest (disclosed) transaction.
  • This is Thomas H. Lee Partners’ 75th transaction in the United States.
  • This is Thomas H. Lee Partners’ 7th transaction in California.

M&A Deal Summary
Date 2023-09-15
Target Standish Management
Sector Business Services
Buyer(s) Thomas H. Lee Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.6B USD
Advisor(s) Alston & Bird (Legal)

Target

Standish Management

San Francisco, California, United States
Standish Management is a provider of specialized fund administration services for Managers and General Partners of private equity funds, generally: Buyout, Venture Capital, Real Estate and Fund-of-Funds. Standish Management was founded in 2007 and is based in San Francisco, California.

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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 88 of 90
Sector (Business Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 17 of 17
State (California) 7 of 7
Country (United States) 75 of 77
Year (2023) 1 of 1
Size (of disclosed) 18 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 NexTech

Tampa, Florida, United States

NexTech is a fully-integrated, specialty specific, certified EMR, practice management, and marketing software that covers a wide array of specialty practice needs. NexTech was founded in 1997 and is based in Tampa, Florida.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Agiliti

Eden Prairie, Minnesota, United States

Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe, and sustainable healthcare delivery system. The company serves over 10,000 national, regional, and local acute care and alternate site providers across the U.S. It delivers medical equipment management and service solutions that help healthcare providers reduce costs, increase operating efficiencies, and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Eden Prairie, Minnesota.

Buy $2.5B
Mergr

Product

Company

Legal