Thomas H. Lee Partners, which has yet to begin fundraising for its next buyout fund, is reportedly putting 30% equity into its $1.1 billion purchase of CompuCom Systems.

Court Square Capital Partners has agreed to sell CompuCom Systems. The buyer is Thomas H. Lee Partners. Financial terms were not announced but  THL is paying about $1.1 billion in cash, according to a person familiar with the matter. Citigroup Global Markets Inc, J.P. Morgan, BMO Capital Markets and Jefferies Finance are providing committed financing. Dallas-based CompuCom is an IT outsourcing company. Court Square acquired the company in 2007 for $504 million. BMO Capital Markets and Jefferies advised THL, while Citigroup provided financial advice to CompuCom/Court Square. UPDATE: Ed Wehle lead the deal team at Citi that included Ethan Zweig and Hugo Doetsch.  Gerrie Sinatra of Dechert along with Ken Young, Adam Rosenthal, Victoria Alff, Allyson Levy, Edward Lemanowicz and Ken Wang provided legal advice to CompuCom/Court Square. Weil, Gotshal & Manges was the attorney for THL.

Bain Capital LLC, Carlyle Group LP and Thomas H. Lee Partners LP are among the private equity firms competing for Carestream Health Inc, a medical imaging systems provider that its owner Onex Corp. hopes to sell for as much as $3.5 billion, sources tell Reuters.

This week, peHUB thought it would be of interest to showcase the position of senior investment officer, private equity at the $49.2 billion Massachusetts Pension Reserves Investment Management Board (PRIM).

THL Credit Advisors LLC, the lending affiliate of Boston buyout shop Thomas H. Lee Partners LP, is planning to beef up its presence in Chicago following an acquisition there.

PE-backed M&A deal value dropped by 26% in second quarter while dry power falls to $365.7 billion.

The Steinbrenner family is reportedly considering selling the Yankees. But don’t expect PE to be all that interested.

Arsenal Capital, which recently held a first close on its third fund, expects to hold a second close soon and has set a cap of $825 million on the fund.

Arsenal Capital generated 4x its invested capital with the sale Novalyte. That should bolster the firm’s effort to raise a third fund.

Let’s say you’re an associate at a buyout shop, and you’re itching to move up the career ladder. How do you do it? How do you send that unmistakable, unspoken message to the partners that you’ll be one of them one day?