Thomas H. Lee Partners
PE firm that destroyed Art Van Furniture via sale-leaseback
2
Brands Owned
1
Documented Impacts
1
Bankruptcies
2
Industries
1 bankruptcy under their ownership
Furniture & HomeRetail & Consumer
Brands Owned by Thomas H. Lee Partners (2)
Art Van Furniture
Furniture & Home · 8 locations
Thomas H. Lee used sale-leaseback of Art Van's own properties to fund 70% of the buyout. Liquidated within 3 years.
Party City
Retail & Consumer · 4 locations
Thomas H. Lee Partners loaded Party City with debt from a 2012 leveraged buyout, preventing critical technology investments needed to compete online. Filed its second Chapter 11 in December 2024 and liquidated all ~700 U.S. stores. All administrative staff laid off upon filing.