Boston Globe – Billionaire Thomas Lee, who founded the Boston buyout firm Thomas H. Lee Partners LP 32 years ago, has stepped down to start another private-equity venture and expand his hedge fund.
”We’ve separated amicably, and I intend to reenter private equity, but my plans won’t be squared for a few months,” Lee said yesterday. New York-based Thomas H. Lee Capital LLC will pursue ”the full breadth of buyout opportunities,” he said.
Lee, 62, in December said he was negotiating his departure from the Boston-based firm he founded, where he remained chief executive after giving up day-to-day management oversight in 2003 to Anthony DiNovi, 43, Scott Schoen, 47, and Scott Sperling, 48. The parting was ”friendly,” Sperling said in an e-mailed message yesterday.
