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New Deal


Announced

Completed

Thomas H. Lee Partners completed the acquisition of a majority stake in Standish Management from Vitruvian Partners for $1.6bn.

Financials

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Transaction Value£1,371m
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Private Equity

Friendly

Completed

Acquisition

Private Equity

Domestic

Majority

fund administration services

Auction

United States

Synopsis

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Thomas H. Lee Partners, a private equity firm, completed the acquisition of a majority stake in Standish Management, a provider of administrative services such as accounting and reporting to investment funds, from Vitruvian Partners, a private equity firm, for $1.6bn. The management team and other Standish employees, who collectively own 65% of the company, will retain a 45% stake, with THL holding the remainder.

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