AEA Investors has announced the purchase of a majority stake in 1-800 Contacts from Thomas H. Lee Partners, who had acquired it in 2014. Thomas H. Lee Partners will remain a significant shareholder in the company. The terms of the transaction have not been disclosed. Credit Suisse, Barclays and an affiliate of Goldman Sachs' Merchant Banking Division are providing debt financing to support the acquisition. 1-800 Contacts serves around 11 million customers in the U.S. through its website, www.1800contacts.com, its telephone number and its mobile app. The company also provides contact lens sourcing and fulfillment services to brick-and-mortar retailers. AEA Investors currently manages funds that have around $9.0 billion of invested and committed capital.

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