Monday, August 29, 2011

Bronfman, Carlyle, Bain, and Thomas H. Lee

http://www.carlyle.com/media%20room/news%20archive/2006/item6912.html
Excerpt:

March 01, 2006
#2006-012pc (issued by portfolio company)
Bain Capital, The Carlyle Group and Thomas H. Lee Partners Complete Acquisition of Dunkin' Brands; CEO Luther to Chair Board of Directors; Independent Company to Pursue Expansion Strategy

Canton, MA – A consortium of global private equity firms consisting of Bain Capital Partners LLC, The Carlyle Group and Thomas H. Lee Partners LP today completed the acquisition of Dunkin’ Brands Inc. from Pernod Ricard SA for $2.425 billion in cash. Dunkin’ Brands announced on December 12, 2005 that it had reached a definitive agreement to be acquired by the consortium.
Jon L. Luther, Chief Executive Officer of Dunkin’ Brands, has been appointed Chairman of the newly formed Board of Directors, and Will Kussell, Chief Operating Officer of the company, will also serve on the Board. Bain Capital, The Carlyle Group and Thomas H. Lee Partners will each have three board seats.
http://www.forbes.com/2003/11/24/cx_da_1124topnews.html
Excerpt:

http://www.stblaw.com/bios/BStadler.htm

Brian M. Stadler
Partner

425 Lexington Avenue
New York, NY 10017-3954

Excerpt:
 Bronfman family and its co-investors in the acquisition of control of Israel Discount Bank; Thomas H. Lee Partners, Bain Capital, Providence Equity Partners and Edgar Bronfman, Jr. in the acquisition of Warner Music Group from Time Warner

http://www.thl.com/ourTeam/index.html
Excerpt:
Todd M. Abbrecht, Managing Director
Joined Thomas H. Lee Partners in 1992
Todd M. Abbrecht is a Managing Director at Thomas H. Lee Partners. Prior to joining Thomas H. Lee Partners, Mr. Abbrecht worked in the Mergers and Acquisitions department of Credit Suisse First Boston.
Mr. Abbrecht is currently a Director of Aramark Corporation, Dunkin’ Brands,

Excerpt:
Michael P. Borom, Managing Director
Joined Thomas H. Lee Partners in 2009
recovered over par on a $680 million Enron SPV;

Richard J. Bressler, Managing Director
Joined Thomas H. Lee Partners in 2006

Richard J. Bressler is a Managing Director at Thomas H. Lee Partners.  Prior to joining Thomas H. Lee Partners, Mr. Bressler was the Senior Executive Vice President and Chief Financial Officer of Viacom Inc. from May 2001 through 2005, with responsibility for managing all strategic, financial, business development and technology functions.  Prior to that, Mr. Bressler served in various capacities with Time Warner Inc., including as Chairman and Chief Executive Officer of Time Warner Digital Media. He also served as Executive Vice President and Chief Financial Officer of Time Warner Inc . from March 1995 to June 1999.  Prior to joining Time Inc. in 1988, Mr. Bressler was a partner with the accounting firm of Ernst & Young since 1979.

Mr. Bressler is currently a Director of Clear Channel Communications, Inc., Warner Music Group Corp. (NYSE:WMG), Gartner, Inc. (NYSE:IT) and The Nielsen Company.

In addition Mr. Bressler is a Board Observer at Univision Communications, Inc., and a member of J.P. Morgan Chase National Advisory Board.   Mr. Bressler holds a B.B.A. from Adelphi University.

Charles A. Brizius, Managing DirectorJoined Thomas H. Lee Partners in 1993

Mr. Brizius is currently a Director of Ariel Holdings Ltd and Clear Channel Communications, Inc.  His prior directorships include Big V Supermarkets, Inc., Eye Care Centers of America, Inc., Front Line Management Companies, Inc., Houghton Mifflin Company, Spectrum Brands, Inc. (NYSE:SPC), TransWestern Publishing, United Industries Corporation and Warner Music Group (NYSE:WMG).

Anthony J. DiNovi, Co-PresidentJoined Thomas H. Lee Partners in 1988

Anthony J. DiNovi is a Co-President of Thomas H. Lee Partners. Mr. DiNovi previously worked in the Corporate Finance Groups at Goldman, Sachs & Co. and Wertheim Schroeder & Co.

Mr. DiNovi is currently a Director of Dunkin’ Brands Inc. and West Corporation.

David V. Harkins, Vice Chairman
Affiliated with Thomas H. Lee Partners since 1975
David V. Harkins is a Vice Chairman of Thomas H. Lee Partners.  Mr. Harkins has been associated with Mr. Harkins is currently a Director of Dunkin� Brands Inc.
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1483
Excerpt:
In addition, there is a huge SPV market that goes unmeasured because the products are privately traded and not rated. Though Enron's unrated special purpose vehicles broke the rules, many other companies used such vehicles to legally conduct "off-balance sheet" transactions. "That stuff -- we just don't know how big it is," Gorton says.

Jesse Hermann, Managing Director
Joined Thomas H. Lee Partners in 2011
Jesse Hermann is a Managing Director at Thomas H. Lee Partners.  Bain and Company, a management consulting firm.

Scott L. Jaeckel, Managing Director
Joined Thomas H. Lee Partners in 1994
Warner Music Group Corp.

Seth W. Lawry, Managing DirectorJoined Thomas H. Lee Partners in 1989

Warner Music Group Corp.

http://www.thepresident.com/2011/06/little-history-on-romneys-so-called-job.html
Excerpt:

Tuesday, June 14, 2011


A Little History on Romney's so called job creation skills as a Venture (I mean Vulture) capitalist

posted by Greg Chamberlain

As someone who has spent nearly my entire life in various aspects of the music business, I have been disgusted with those like Edgar Bronfman Jr., a wealthy trust fund brat and heir to the Seagrams liquor fortune. He is one man who single handedly destroyed much of the creative energy in the music business and turned it into a more vastly corporate business that litigated against nearly anyone with a creative bone, in his weak effort to grab and seek control.

Just came across a great article by Howie Klein, a former head of a Warner Bros. Records division known as Reprise Records. He get's into detail about how Mitt Romney's vulture capital company, Bain Capital, participated in assisting those such as the above mentioned Bronfman in the further destruction of another great music entity.

http://cityfile.com/profiles/edgar-bronfman-jr
Excerpt:
Despite his dubious track record—New York once described him as "possibly the stupidest person in the media business"—Bronfman lined up a second act in the entertainment business in 2003 when he partnered with Thomas H. Lee Partners, Bain Capital and Providence Equity Partners to purchase Time Warner's ailing music subsidiary, Warner Music, for $2.6 billion. Given the bleak economic prospects for the music industry, it was a surprising move, although given Edgar Jr.'s musical leanings, perhaps not.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=125x125911
Excerpt:
Here’s an egregiously long post about the Refco implosion of last year and some related topics. This was originally going to be an additional post this thread involving the two topics of Blackstone and the buyout of Clear Channel by the Mitt Romney-founded Bain Capital and Thomas H. Lee Partners, but the post has sort of blown up in length into something that maybe warrants its own thread. There isn't anything that directly relates to 9/11 here, other than giving another example of the deep corruption taking place within many significant sectors of the world's financial systems and the important role that the futures market, and derivatives in general, have played in shaping the economy and modern financial fraud.

Refco was the leading US commodities futures trader when it imploded last year. The futures market has exploded in size in the last couple of decades and is a major force in the global economy. It is also a largely unregulated market and appears to be a tool of choice for financial shenanigans.

http://www.forbes.com/lists/2006/10/LXHX.html
Excerpt:

#606 Thomas Lee

Age: 61
Fortune: self made
Source: Leveraged buyouts

Net Worth: 1.3

Country Of Citizenship: United States
Residence: New York, New York, United States, North America
Industry: Finance
Marital Status: married, 4 children


Harvard University, Master of Business Administration

Good-natured buyout titan had a rough fall. After taking Warner Music public last May with Edgar Bronfman Jr., flipped commodities outfit Refco in August. Refco quickly fell apart after chief executive Peter Bennett accused of securities of fraud; company's assets bought up by London-based hedge fund Man Group. Harvard grad started investing with $150,000 inheritance 1974. Greatest hit: Snapple, bought for $135 million 1992, sold to Quaker Oats for $1.7 billion in 1994.

http://www.economist.com/node/1893232
Excerpt:
Such firms are not short of business these days. When the owner of America's NASDAQ wanted to rid itself of the American Stock Exchange earlier this year, it turned to a Chicago private-equity firm for help. The Blackstone Group and Thomas H. Lee, another top-ranking firm, are currently trying to help Edgar Bronfman to regain control of Universal Studios, Vivendi's dabble with Hollywood, now that the French conglomerate wants to shed the farther-flung assets that it acquired during the stockmarket boom.

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