M&A Deal Summary

Prospect Hill Growth Partners Acquires Lifestyle Solutions

On August 5, 2021, private equity firm Prospect Hill Growth Partners acquired furniture company Lifestyle Solutions

Acquisition Highlights
  • This is Prospect Hill Growth Partners’ 2nd transaction in the Furniture sector.
  • This is Prospect Hill Growth Partners’ 30th transaction in the United States.
  • This is Prospect Hill Growth Partners’ 4th transaction in California.

M&A Deal Summary
Date 2021-08-05
Target Lifestyle Solutions
Sector Furniture
Buyer(s) Prospect Hill Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Lifestyle Solutions

Newark, California, United States
Lifestyle Solutions is an innovative designer and seller of upholstered home furnishing products that are sold through a number of e-commerce marketplaces. The Company’s product suite includes a variety of thoughtfully designed, flexible pieces that complement the evolution of modern urban lifestyles. Lifestyle Solutions is based in Newark, California.

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Buyer(S) 1

Buyer

Prospect Hill Growth Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.

DEAL STATS #
Overall 30 of 32
Sector (Furniture) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (California) 4 of 4
Country (United States) 30 of 32
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Fitness Ventures

Orlando, Florida, United States

Fitness Ventures is an operates as franchisees in the Crunch Fitness system. Company currently owns and operates Crunch Fitness locations throughout eight states. Fitness Ventures was founded in 2016 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Urology

New Jersey, United States

Urology is a provider of administrative services to New Jersey Urology. UMA enables NJU to continue to focus on providing world-class urology services while remaining a physician-led organization. UMA plans to partner with additional urology groups to provide administrative practice management services initially in the greater New York metropolitan area with long-term plans to expand nationally. Urology was founded in 2018 and is based in New Jersey.

Sell -
Mergr

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