DOTmed February 29, 2024
Private equity firm Thomas H. Lee Partners is buying out and taking Agiliti private in a cash transaction worth approximately $2.5 billion.
Formed in 1974, THL has raised over $35 billion of equity capital, invested in over 170 companies, and completed more than 600 add-on acquisitions. Its strategy involves combining deep sector expertise with internal operating resources from its strategic resource group to restructure and build up the value of companies.
THL is already the majority shareholder in Agiliti and will purchase the remaining shares for it and its affiliates and certain management shareholders at $10 per stock. The agreement was deemed to be in Agiliti’s best interests by a special committee of the Agiliti Board of Directors, comprised solely...
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