Lee Equity Partners to acquire The Living Company from TZP Group.

Lee Equity Partners, a buyout house, which invest between $50m and $100m of equity per transaction, agreed to acquire TZP Group student housing and hospitality furniture business - The Living Company. Financial terms were not disclosed. TLC has an installed base of more than 600k rooms at more than 2k student housing properties in the US. TZP bought the business three years ago when it was known as University Furnishings, and has since expanded its remit to cover furniture delivery and installation for corporate housing, hotels and other hospitality providers. “TLC has an impressive reputation with clients given their strong value proposition as a risk manager and their exceptional, decade-long on-time delivery and installation track record," Yoo Jin Kim, Lee Equity Partner.