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Thomas H. Lee Partners
Thomas H. Lee Partners, L.P. is an American private equity firm based in Boston investing in middle market growth companies across financial technology and services, healthcare and technology & business solutions. History Founded in 1974 by its namesake Thomas H. Lee, Thomas H. Lee Partners, often referenced as THL, has raised approximately $34 billion of equity capital, investing in more than 160 companies, and has completed more than 500 add-on acquisitions representing an aggregate enterprise value at acquisition of over $210 billion. In 2021, Private Equity International ranked THL Partners 82nd of the top 300 private equity firms based on funds raised. THL’s Management Committee includes Co-CEOs Todd Abbrecht and Scott Sperling, Chairman Tony DiNovi and Managing Director Tom Hagerty. The firm's namesake, Thomas H. Lee, left the firm and formed Lee Equity Partners in 2006. Investments The firm has raised over $30 billion since inception and is currently investing out ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies. Typically, a private equity firm will raise pools of capital, or private-equity funds that supply the equity contributions for these transactions. Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private-equity fund managed. Private equity firms, with their investors, will acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Private-equity firms generally receive a return on their inve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dunkin' Brands
Dunkin' Brands Group, Inc. was an American restaurant holding company which ran three chains of fast-food restaurants: Dunkin' Donuts, Mister Donut, and Baskin-Robbins. It was headquartered in Canton, Massachusetts. History Allied-Lyons In 1973, British food company J. Lyons and Co. purchased Baskin-Robbins from United Brands. J. Lyons and Co. then merged with Allied Breweries, becoming Allied-Lyons in 1978. In 1990, Allied-Lyons acquired Dunkin' Donuts and Mister Donut. Allied Quick Service Restaurants In 1994, Allied-Lyons merged with Pedro Domecq S.A., becoming Allied Domecq. The restaurant operations were merged under a subsidiary named Allied Domecq Quick Service Restaurants. In 1997, Togo's was acquired by Allied Domecq. Dunkin' Brands In 2004, Allied Domecq Quick Service Restaurants was renamed "Dunkin' Brands, Inc.". On December 12, 2005, Pernod Ricard, which had just taken control of Allied Domecq, announced the sale of Dunkin' Brands to a consortium of private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In The United States
The COVID-19 pandemic in the United States is a part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). In the United States, it has resulted in confirmed cases with all-time deaths, the most of any country, and the twentieth-highest per capita worldwide. The COVID-19 pandemic ranks first on the list of disasters in the United States by death toll; it was the third-leading cause of death in the U.S. in 2020, behind heart disease and cancer. From 2019 to 2020, U.S. life expectancy dropped by 3years for Hispanic and Latino Americans, 2.9years for African Americans, and 1.2years for white Americans. These effects persisted as U.S. deaths due to COVID-19 in 2021 exceeded those in 2020, and life expectancy continued to fall from 2020 to 2021. On December 31, 2019, China announced the discovery of a cluster of pneumonia cases in Wuhan. The first American case was reported on January 20, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Van Furniture
Art Van Furniture Inc. was an American furniture retail store chain, with stores across the Midwestern United States. Founded in 1959, the company was headquartered in Warren, Michigan, and claimed to be the largest furniture retailer in the Midwest at its peak. In 2020, the company filed for bankruptcy and closed all of its stores. History Archie "Art" Van Elslander founded Art Van in 1959, opening his first store in a 4,000 square-foot space at 10 Mile Road and Gratiot Avenue in East Detroit. He expanded to three stores in that same year, and a fourth store opened in 1960. His first employee was not hired until this time. Art Vans Furniture, as it was then known, opened with mostly modern and Danish-style furniture. By 1963, Van Elslander owned seven stores and had taken on some partners, including his brother, Bob Van Elslander, Don Fox and Bob McEachin. The following year, three of those stores were sold off, however Van Elslander expanded the chain in the 1970s and in 1973 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futures Contract
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the long position holder and the selling party is said to be the short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both parties lodging as security a margin of the value of the contract with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodities
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good or servic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refco
Refco was a New York City-based financial services company, primarily known as a broker of commodities and futures contracts. It was founded in 1969 by Raymond Earl Friedman as Ray E. Friedman and Co. Prior to its collapse in October, 2005, the firm had over $4 billion in approximately 200,000 customer accounts, and it was the largest broker on the Chicago Mercantile Exchange. The firm's balance sheet at the time of the collapse showed about $75 billion in assets and a roughly equal amount in liabilities. Though these filings have since been disowned by the company, they are probably roughly accurate in showing the firm's level of leverage. Refco became a public company on August 11, 2005, with the sale of 26.5 million shares to the public at $22. It closed the day over 25% higher than that, valuing the entire company at about $3.5 billion. Investors had been attracted to Refco's history of profit growth—it had reported 33% average annual gains in earnings over the four years p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warner Music Group
Warner Music Group Corp. ( d.b.a. Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the " big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner (now Warner Bros. Discovery), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world. The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Reprise Records, Warner Records, Parlophone Records (formerly owned by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snapple
Snapple is a brand of tea and juice drinks which is owned by Keurig Dr Pepper and based in Plano, Texas, United States. The company (and brand), which was originally known as Unadulterated Food Products, was founded in 1972. The brand achieved some fame due to various pop-culture references including television shows. History Snapple was founded by Leonard Marsh, Hyman Golden, and Arnold Greenberg in 1972 Valley Stream, Long Island, New York. Their company, which was originally known as Unadulterated Food Products, was first conceived as a part-time venture to supply fruit juices to health food stores. Unsure if the business would succeed, Greenberg continued to run his health food store in Manhattan's East Village, while Leonard Marsh and his brother-in-law, Hyman Golden, operated a window washing business. In a 1989 interview with '' Crain's New York Business'', Marsh admitted that when they launched the small business he knew "as much about juice as about making an ato ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
