The abrupt departure of renowned investor Thomas H. Lee shocked the business community on Thursday morning. Sadly, police sources subsequently verified that he had committed himself inside of his Manhattan office.
Thomas H. Lee Capital, LLC on Fifth Avenue had police called to it at 11:10 this morning after an emergency call came in from the sixth story of the structure.
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EMTs revealed that a 78-year-old businessman tragically died on the spot.
The job of determining and announcing the cause of death falls within the purview of the Office of the Chief Medical Examiner.
“The family is extremely saddened by Tom’s death. While the world knew him as one of the pioneers in the private equity business and a successful businessman, we knew him as a devoted husband, father, grandfather, sibling, friend and philanthropist who always put others’ needs before his own,” Michael Sitrick, a close friend and spokesman for the Lee family, said in a statement.
Thomas H. Lee, 78, was discovered dead from a self-inflicted gunshot wound in his Manhattan office.
“Our hearts are broken. We ask that our privacy be respected and that we be allowed to grieve.”
A front desk employee was confused when a puzzling emergency was reported on the sixth level of Lee’s office building; she was unaware that tragedy had struck.
“They don’t want anyone going to that space right now, not even the building staff,” the man said.
Police were called to 767 Fifth Avenue, where the sixth floor is where Thomas H. Lee Capital, LLC is situated.
Lee was a financial innovator who introduced the leveraged buyout era with his innovative business acquisition strategies.
Upon his graduation from Harvard, Thomas H. Lee established and oversaw the famous private equity firm Thomas H. Lee Partners, a project he had been in charge of since 1974 while serving as the predecessor company’s chairman and CEO.
The innovator in private equity spent $300 million to buy Snapple in 1992 and sold it without hesitation two years later for a fantastic profit of nearly $1.7 billion, or an astounding 32 times his original investment.
Even though our road was often filled with detours, we persisted with tenacity in order to succeed.
Dr. Eva Andersson-Dubin, Glenn Dubin, Bob Kraft, and Thomas Lee attend WOODY JOHNSON’s “Wig Out” 60th Birthday Celebration.
In 1999, Lee was the driving force behind a transaction that saw Vertis Communications successfully renamed as the fifth-largest printing firm in North America. Sadly, they had slipped behind their rivals by 2006 as a result of a lack of funding for service growth, and they eventually filed for bankruptcy in 2008.
Following 20 years of productive collaboration, Scott Sperling and Lee and their staff broke up in 2005, renaming the business Thomas H. Lee Partners. From this break, however, a new firm called Lee Equity Partners was founded in 2006, where Lee served as chairman until his death on Thursday.
As a very successful businessman, Lee built a wealth that Forbes estimates to be worth $2 billion at the time of his dying.
Lee was a fervent donor committed to the advancement of activities in culture and education. As a trustee for some of New York City’s most prestigious art institutions, including those at the Museum of Modern Art, the Whitney Museum of American Art, and the Lincoln Center for Performing Arts, Lee worked tirelessly to support the growth of the arts in his adopted homeland.
Lee and Ann Tennenbaum, his wife of 27 years.
Lee bought a Hamptons beachside house in 2008.
“I’ve been lucky to make some money. I’m more than happy to give some of it back,” As one of Harvard University’s greatest contributions from a living alum, Lee made history in 1996 when he gave a staggering $22 million to his alma institution.
He would never have received the renowned Jack Nash award from UJA-Federation in 2014 if not for his extraordinary commitment to charity. His exploits will undoubtedly live on in memory for a long time.
His devoted wife of 27 years, Ann Tennenbaum, has done a beautiful job of preserving Lee’s memories. With five children—Jesse, Zach, Nathan, Robbie, and Rosalie—plus two grandkids, he leaves behind a legacy that is surrounded by love and family.
Lee previously owned Snapple and had a return on investment of 32.
On Thursday afternoon, Lee Equity Partners remained silent, and when called, a spokesperson declined to comment.
