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Hillsdale Under New Ownership
January 27,
2013 by in UnCategorized 
By Home Furnishings Business in on January 28, 2013
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, Hillsdales 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.
Clearviews 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.