Thomas H. Lee Partners Appoints Fintech Veteran Mark Forbis as Executive Partner

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The financial technology sector is about to experience a boost of expertise and innovation as Thomas H. Lee Partners ("THL"), a premier private equity firm, announced the appointment of Mark Forbis as Executive Partner. With over 40 years of experience in financial technology and services, Forbis is set to support THL in identifying, sourcing, and growing investment opportunities in the bank technology sector.

Forbis brings a wealth of knowledge and industry experience to the team. Prior to joining THL, he spent over 30 years as an executive at Jack Henry & Associates, one of the nation's leading fintech providers. In his role as Executive Vice President and Chief Technology Officer, Forbis led the company’s national technology strategy and played a vital role in the development of numerous transformative banking technologies.

Brian Radic, Director at THL, expressed his excitement about Forbis joining the team, stating, "We are very pleased to welcome Mark to our team. He brings deep expertise across the bank technology spectrum, including core systems, lending solutions, digital banking, and payments." Radic also highlighted Forbis's strong track record as a technology leader and his extensive industry network, emphasizing how these qualities will be instrumental in pursuing promising investments and adding value to THL's portfolio companies in the financial technology and services vertical.

Forbis himself is eager to contribute to THL's core fintech strategy and work with exceptional companies in the bank technology sector. He remains actively engaged across various sectors of the fintech ecosystem and currently serves on the boards of IncredibleBank, Citizens Bank, Teslar Software, Digital Check Corp., InvestorKeep, and Allied Payment Network. With such involvement, Forbis is well-positioned to bring valuable insights and guidance to THL's portfolio companies.

THL's Financial Technology and Services team has already made significant contributions to the industry. To date, they have deployed $10.3 billion of fund and co-investment capital and partnered with 32 companies. This demonstrates their commitment to supporting and advancing innovation within the financial technology space.

Thomas H. Lee Partners, L.P., the parent company of THL, is a premier private equity firm focused on investing in middle-market growth companies. They specialize exclusively in three sectors: Healthcare, Financial Technology & Services, and Technology & Business Solutions. THL stands out by combining deep sector expertise with internal operating resources to transform and build great companies of lasting value in partnership with management. Their domain expertise and resources enable them to accelerate growth, improve operations, and drive long-term sustainable value.

With over four decades of experience, THL has raised more than $34 billion of equity capital and has invested in over 160 companies. They have completed over 500 add-on acquisitions, representing an aggregate enterprise value at acquisition of over $210 billion. These impressive numbers speak to THL's ability to identify opportunities, nurture growth, and create value in the companies they invest in.

In conclusion, the appointment of Mark Forbis as Executive Partner at Thomas H. Lee Partners is a significant development in the financial technology sector. With his extensive experience and industry network, Forbis is poised to make a substantial impact on THL's investment strategy and the growth of portfolio companies. As THL continues to deploy capital and partner with innovative firms, the future looks promising for the bank technology sector and the financial technology industry as a whole.