Hillsdale Under New Ownership
Brookside Equity Partners
January 28, 2013
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An investor group led by Brookside Equity Partners and management has acquired furniture importer Hillsdale Furniture from Clearview Capital.
Terms were not released.
“Despite an extraordinarily difficult environment for furniture companies that resulted in wrenching change throughout the industry, Hillsdale’s terrific management team achieved market share gains and consistent profitability during the course of our investment”, said Calvin Neider, co-managing partner of Clearview Capital. “We part with Hillsdale knowing the company will continue to thrive with its new equity partners.”
Clearview’s investment in Hillsdale was made through a 2002 vintage fund which is nearly fully realized. Clearview is now investing through Clearview Capital Fund II LP which seeks to acquire and develop lower middle market companies in sectors including business services, health care services, design/importing, distribution and manufacturing.
Green, Holcomb & Fisher served as financial advisor and Loeb & Loeb LLP served as legal advisor to Hillsdale.
Terms were not released.
“Despite an extraordinarily difficult environment for furniture companies that resulted in wrenching change throughout the industry, Hillsdale’s terrific management team achieved market share gains and consistent profitability during the course of our investment”, said Calvin Neider, co-managing partner of Clearview Capital. “We part with Hillsdale knowing the company will continue to thrive with its new equity partners.”
Clearview’s investment in Hillsdale was made through a 2002 vintage fund which is nearly fully realized. Clearview is now investing through Clearview Capital Fund II LP which seeks to acquire and develop lower middle market companies in sectors including business services, health care services, design/importing, distribution and manufacturing.
Green, Holcomb & Fisher served as financial advisor and Loeb & Loeb LLP served as legal advisor to Hillsdale.
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