Lee Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Lee Equity Partners has acquired 2 companies. It has also invested in 1 other.

Lee Equity Partners’ most common sectors for investment arehealthcare services (30%) and financial services (17%) . The Firm’s most common investment types include secondary buyout (36%) and buyout (lbo, mbo, mbi) (30%). In total, Lee Equity Partners has invested in 14 US states and 2 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 2 companies. The Firm’s most common exit type is secondary buyout (54%). 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 Activity46
    • M&A Buy Activity31
    • M&A Sell Activity15
  • Total Sectors Invested 14
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 16
  • M&A Advisors 17

Lee Equity Partners

650 Madison Avenue, 21st Floor,
New York, New York 10022
United States
(212) 888-1500
www.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 $100 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: Business Services, Consumer Products, Financial Services, Franchising, Healthcare Services, Internet Software and Services, Manufacturing, Media, Restaurants, Retail

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

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

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

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.2/yr) # 25 3 2 1 - - 31
vol $1.2B $161M $1.4B
Sell (0.8/yr) # 11 2 1 1 - - 15
vol $1.9B $1.9B
  46

Most Recent M&A

Company Date Value Type
Cadent LLC 2023-08-09 - Secondary Buyout
New York, New York · www.cadent.tv
TESSCO Technologies, Inc. 2023-04-12 161M USD Going Private
Hunt Valley, Maryland · www.tessco.com
K2 Insurance Services LLC 2022-12-01 - Secondary Buyout
San Diego, California · www.k2ins.com
Bradford Health Services LLC 2022-10-28 - Secondary Buyout
Birmingham, Alabama · www.bradfordhealth.com
Therapy Partner Solutions 2022-01-14 - Growth Capital
Fernandina Beach, Florida · www.therapypartnersolutions.com
Unlimited Technology, Inc. 2021-12-02 - Buyout (LBO, MBO, MBI)
Chester Springs, Pennsylvania · www.UTIGlobal.com
K-MAC Enterprises, Inc. 2021-10-14 - Secondary Buyout
Fort Smith, Arkansas · www.kmaccorp.com
Alliance Corp. 2021-09-13 - Secondary Buyout
Mississauga, Ontario · www.alliancecorporation.ca
Summit Behavioral Healthcare LLC 2021-09-09 - Secondary Buyout
Franklin, Tennessee · www.summitbhc.com
Pure Financial Advisors 2021-09-01 - Growth Capital
San Diego, California · www.purefinancial.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Atria Wealth Solutions 2017-08-02 Grove Point Financial LLC 2023-04-18 6
New York, New York · www.atriawealth.com Rockville, Maryland · www.grovepointfinancial.com
Simplicity Group Holdings 2020-10-16 Independent Planners Group LLC 2021-10-14 37
Summit, New Jersey · www.simplicitygroup.com Scottsdale, Arizona · www.ipg-us.com
McLarens Global Limited 2018-10-31 Lloyd Warwick International Ltd. 2020-06-12 1
Norcross, Georgia · www.mclarensyoung.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 4 (25%) - 9 (29%) 475M (34%)
Financial Services 2 (13%) 110M (41%) 5 (16%) 368M (26%)
Business Services 2 (13%) - 3 (10%) -
Technology Hardware 2 (13%) 161M (59%) 2 (6%) 161M (12%)
Insurance 1 (6%) - 2 (6%) -
Restaurants - - 2 (6%) -
Retail - - 1 (3%) 395M (28%)
Apparel/Textiles 1 (6%) - 1 (3%) -
Consumer Products 1 (6%) - 1 (3%) -
Franchising - - 1 (3%) -
Information Technology 1 (6%) - 1 (3%) -
Media - - 1 (3%) -
Plastics 1 (6%) - 1 (3%) -
Transportation 1 (6%) - 1 (3%) -
Total 16 $271M 31 $1.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 15 (94%) 271M (100%) 29 (94%) 1.4B (100%)
  Texas 2 (13%) 110M (41%) 5 (16%) 368M (26%)
  New York 2 (13%) - 4 (13%) -
  Florida 3 (19%) - 3 (10%) -
  California 1 (6%) - 3 (10%) -
  Georgia 2 (13%) - 2 (6%) -
  Pennsylvania 1 (6%) - 2 (6%) 395M (28%)
  Maryland 1 (6%) 161M (59%) 2 (6%) 161M (12%)
  New Jersey 1 (6%) - 2 (6%) -
  Arizona 1 (6%) - 1 (3%) -
  Alabama 1 (6%) - 1 (3%) -
  Ohio - - 1 (3%) 475M (34%)
  Tennessee - - 1 (3%) -
  Colorado - - 1 (3%) -
  Arkansas - - 1 (3%) -
Canada 1 (6%) - 2 (6%) -
  Ontario 1 (6%) - 1 (3%) -
  British Columbia - - 1 (3%) -
Domestic 15 (94%) 271M (100%) 29 (94%) 1.4B (100%)
Cross-border 1 (6%) - 2 (6%) -
Total 16 $271M 31 $1.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 5 (31%) - 11 (35%) -
Buyout (LBO, MBO, MBI) 6 (38%) 110M (41%) 9 (29%) 585M (42%)
Growth Capital 3 (19%) - 4 (13%) -
Going Private 1 (6%) 161M (59%) 3 (10%) 814M (58%)
Recapitalization - - 2 (6%) -
Consolidation 1 (6%) - 1 (3%) -
PIPE - - 1 (3%) -
Total 16 $271M 31 $1.4B

Exits by Deal Type

Type Total # Value
Secondary Sale 8 (53%) -
Trade Sale - Public Company 3 (20%) 1.9B (100%)
Trade Sale 2 (13%) -
Bankruptcy 1 (7%) -
IPO 1 (7%) -
Total 15 $1.9B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
2
Evercore Group LLC
2
North Point Advisors LLC
1
Legal Deals
Weil Gotshal & Manges LLP
4
Willkie Farr & Gallagher
2
Greenberg Traurig LLP
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%
12 (39%)
Exited to
Investor(s)
53%
8 (53%)
Strategic(s)
33%
5 (33%)

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