Wednesday, October 4, 2017
Ten-X Acquisition By Thomas H. Lee Completes
Irvine-based Ten-X, an online real estate marketplace, is now officially owned by private equity investor Thomas H. Lee Partners, T.H. Lee said this morning. The deal was originally announced in August. Ten-X, formerly known as Auction.com, was venture backed by Stone Point Capital, and CapitalG (formerly Google Capital), who continue to hold minority stakes in the company. Financial details of the acquisition were not announced. Ten-X has an online real estate marketplace for both residential and commercial real estate. The company lets both investors and individuals use its services.