Private-equity firm Thomas H. Lee PartnersLP has closed its purchase of a controlling stake in Ten-X LLC in a deal that values the online real estate marketplace at $1.6 billion, according to people familiar with the matter. Ten-X, which started about a decade ago marketing distressed homes through its auction.com portal, has since expanded into selling commercial real estate and other businesses. The California-based firm expects its transaction volume to be about $10 billion this year, up from $9 billion, according to Chief...

Source: Wall Street Journal October 03, 2017 21:45 UTC