Sale to Lee Equity Partners

Technology & Services
Sale to Lee Equity Partners

Summary

Baird served as exclusive financial advisor to The Living Company, LLC on this transaction

About

The Living Company, LLC (“TLC” or the “Company”), a portfolio company of TZP Group (“TZP”), was recently acquired by Lee Equity Partners, LLC (“Lee Equity”). Terms of the transaction were not disclosed.

TLC is a leading, asset-light furnishings, fixtures and equipment logistics platform, providing a turnkey, managed solution, from design and layout to unparalleled sourcing and logistics to the off campus student housing market, through its division University Furnishings, and to the extended stay hotel and corporate housing markets. TLC is a value-added partner uniquely positioned to ensure a risk-free, end-to-end solution that meets customer needs at critical project deadlines for its clients, with a world-class reputation for on-time delivery and installation. Since its founding in 2004, TLC has become a leading provider of design, production and installation services for the off campus student housing, extended stay and corporate housing markets. The Company is headquartered in Garland, Texas.

TZP, a private equity firm with $1.4 billion raised since inception across its family of funds, is focused on investments in business and consumer services companies. Founded in 2007, TZP targets companies with solid historical performance and sustainable value propositions and aims to be a "Partner of Choice" for business owners and management teams. TZP seeks to invest primarily in closely-held, private companies where the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals' operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. TZP is headquartered in New York, New York.

Lee Equity is a private equity firm that partners with successful management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 million to $100 million in middle market control buyouts and growth capital financings in companies with enterprise values of $100 million to $300 million which are located primarily in the United States. Lee Equity invests in a range of industries where the team has deep relationships developed over decades, including financial, healthcare and business services and consumer. Lee Equity is headquartered in New York, New York.
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Technology & Services
Sale to Lee Equity Partners
Date
October 2019
Company
The Living Company, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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