Thomas Lee Helped Found Buyout Business, Now One of Wall Street’s Biggest

Thomas Lee started doing leveraged buyouts in the 1970s, before the term had even been coined to describe such deals. Photo: Christopher Goodney/Bloomberg News The death of Thomas H. Lee sent shock waves Friday through Wall Street, where decades ago he helped create one of its biggest businesses. Mr. Lee, who started doing leveraged buyouts in the 1970s, before the term was coined and the tools to finance the deals had been invented, died Thursday, his colleagues and family said . Continue reading your article with a WSJ membership

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