Thomas H Lee Partners, the private equity firm with its sights on Hertz and Dunkin' Donuts, is set to reap almost $700m (€565m) in cash from the sale of US credit card group Metris to UK-based bank, HSBC.
Thomas H Lee owns 44% of Metris and is expected to get $682.6m of the total $1.59bn purchase price. It has already agreed to back the deal.