American billionaire financier Thomas H. Lee, thought of a pioneer of personal fairness funding and leveraged buyouts, died at the age of 78, his family stated in an announcement on Thursday, with out noting the reason for his demise.
Reuters couldn’t instantly affirm the reason for demise. The New York Police Division stated emergency medical service personnel responding to a 911 name on Fifth Avenue at about that point discovered a “male who was pronounced useless at the scene.”
Police gave no additional particulars, and stated town health worker’s workplace would decide the trigger and method of demise.
The coroner’s workplace couldn’t instantly be reached for remark.
“The family is extraordinarily saddened by Tom’s demise,” Lee’s family stated in an announcement. “Our hearts are damaged. We ask that our privateness be revered and that we be allowed to grieve.”
Lee was the founder and chairman of Lee Fairness, which he shaped in 2006, and beforehand served as chairman and CEO of Thomas H. Lee Companions, which he based in 1974, in accordance with a biographical assertion launched by his family.
Over the previous 46 years, Lee was chargeable for investing greater than $15 billion of capital in a whole lot of transactions, together with the acquisition and subsequent gross sales of such model names as Snapple Drinks and Warner Music.
