Thomas H Lee Partners picks up second deal of the week with 1-800 Contacts buy


contact lensUS private equity firm Thomas H Lee Partners has agreed its second deal of the week by purchasing online contact business 1-800 Contacts from health insurer WellPoint.

Wellpoint picked up 1-800 from Fenway Partners in June 2012 in a deal thought to be worth $900m, but did not disclose how much THL has paid to pick up the company.

Earlier this week THL invested in a pair of subsidiaries of insurance and real estate transaction services business Fidelity National Financial.

THL now owns a 35 per cent interest in each of Black Knight’s operating subsidiaries ServiceLink Holdings and Black Knight Financial Services, which formerly made up the business of Lender Processing Services.

Copyright © 2014 AltAssets