Thomas H. Lee Partners (THL) has announced it will acquire Headlands Research from KKR & Co.
Headlands, founded in 2018 and based in Lake Worth, Florida, is a multinational network of clinical trial sites.
THL, based in Boston, is a private equity firm investing in middle market growth companies in three sectors, including healthcare. Founded in 1974, the firm typically targets companies with enterprise values between $250 million and $2.5 billion.
KKR (NYSE: KKR) is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions.
Industry reports valued the deal at about $600 million.