Thomas H. Lee Partners Raises $900 Million for Automation-Focused Private Equity Fund

BOSTON–(BUSINESS WIRE)–Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in middle market growth companies, today announced the final close of THL Automation Fund. L.P. (“the Fund”) at $900 million. The Fund will back automation companies, including technology product, software and services businesses, that enhance productivity across a range of end markets and use cases.

“We created the Fund to invest in companies driving step-function change through automation and to support management teams in accelerating growth with both capital and with a 20-member integrated team of automation experts,” said Jim Carlisle, Managing Director who leads the Automation Fund.

“Automation is everywhere in the news now as a result of the pandemic, but the reality is that the return on investment from automation was already high for businesses that deployed automation pre-pandemic. We started building our thesis, network and capability years ago because the fundamental drivers of adoption — labor pressures, business resiliency, efficiency gains, throughput improvements and more — were already top of mind for business leaders across sectors,” Carlisle continued, “and the technology exists to solve those problems.”

The Fund will pursue equity investment opportunities that harness a range of technologies – from software and artificial intelligence to robotics and additive manufacturing to systems design and integration – driving automation in e-Commerce, distribution and logistics, manufacturing, healthcare, agriculture, food and beverage, financial services, real estate, consumer products and other sectors.

THL has substantial experience investing in automation. Since 2017, the firm’s affiliated funds and co-investors have deployed approximately $2 billion of equity in four platform companies and eight add-on transactions in the sector. THL’s current automation platform companies include Autostore, Material Handling Systems, Fortna and Phytech.

About Thomas H. Lee Partners
Thomas H. Lee Partners, L.P. is a premier private equity firm investing in middle market growth companies, headquartered primarily in North America, exclusively in three sectors: Financial Services, Healthcare and Technology & Business Solutions. We couple our deep sector expertise with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. Since 1974, we have raised more than $25 billion of equity capital, invested in over 150 companies and completed more than 400 add-on acquisitions representing an aggregate enterprise value at acquisition of over $200 billion. With dedicated sector and operating teams, THL brings deep domain expertise and resources to build great companies by helping to accelerate growth, improve operations and drive long-term sustainable value in partnership with management. For more information on THL, please visit THL.com.

Cross-Sector Strategy

Automation