Thomas H. Lee Partners Acquires Majority Stake in AbacusNext

Thomas H. Lee Partners Acquires Nextech Systems

June 26, 2019

Cloud & SaaS

Funds affiliated with Thomas H. Lee Partners (THL) have acquired Nextech Systems, a Tampa-based provider of cloud-based healthcare technology solutions for specialty physician practices, from Francisco Partners and other stockholders. THL plans to support Nextech's growth by enhancing its cloud platform and pursuing strategic M&A while Nextech will remain headquartered in Tampa and led by its existing management team.

Thomas H. Lee Partners Acquires Majority Stake in Insurance Technologies

September 14, 2020

Cloud & SaaS

Thomas H. Lee Partners (THL) has agreed to acquire a majority stake in Insurance Technologies, LLC from NexPhase Capital. The investment will support Insurance Technologies' continued development of a SaaS cloud-based sales and regulatory automation platform for the insurance and financial services industries and enable further strategic acquisitions.

FFL Partners Makes Strategic Growth Investment in Abacus Group

June 29, 2022

IT Services

FFL Partners has completed a strategic growth investment in Abacus Group, an IT managed services provider focused on hedge funds, private equity, venture capital and family office clients. The transaction represents an exit by WestView Capital Partners; Abacus, headquartered in New York City with more than 250 employees and 650+ clients, will partner with FFL to accelerate organic growth and pursue strategic acquisitions.

Thomas H. Lee Partners Makes Growth Investment in Carpe Data

April 11, 2022

Data & Analytics

Thomas H. Lee Partners (THL) has made a strategic growth investment in Carpe Data, becoming the majority shareholder while the company's founders, management and existing strategic investors retain meaningful stakes. The investment will fund continued innovation in Carpe Data's AI-driven alternative data platform for insurance and support expansion across core segments and adjacent markets.

TPG to Acquire Nextech from Thomas H. Lee Partners

July 19, 2023

Healthcare Services

TPG (through its TPG Capital platform) has signed a definitive agreement to acquire Nextech, a provider of clinical and administrative healthcare technology and EMR software for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The deal, expected to close in Q3 2023 subject to regulatory review, will allow TPG to expand its healthcare IT / SaaS portfolio and grow Nextech's platform and capabilities.

Thomas H. Lee Partners Provides Growth Capital to Ashling Partners

February 8, 2021

IT Services

Thomas H. Lee Partners (THL) has completed a growth capital investment in Ashling Partners, an intelligent automation services provider. THL principals Josh Bresler and Kearney Shanahan will join Ashling's board as the firm looks to expand its global scale, broaden automation capabilities, and pursue M&A opportunities.