Harvest Partners’ Acquisition of Hand & Stone Massage and Facial Spa

Kirkland & Ellis advised Levine Leichtman Capital Partners (LLCP) on the deal.

Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced the sale of its portfolio company Hand & Stone Massage and Facial Spa (Hand & Stone) to funds managed by Harvest Partners, LP. Financial terms of the transaction were not disclosed.

Hand & Stone is a leading franchisor and operator of spas offering affordable, convenient, and professional massage, skincare and health and wellness services.

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, business services, education and engineered products. 

Harvest Partners, LP is an established multi-strategy investment firm with more than 40 years of experience investing in middle-market businesses.

The Kirkland team was led by corporate partners Brett Nelson (Picture), Kevin Mausert and Shelly Hirschtritt and associates Michael Chung and Will Pretto, tax partners Rachel Cantor and Polina Liberman and associate Michael Alcan, debt finance partner Katie Taylor and associates Christian Rivas and Jose Barragan-Monge, technology & IP transactions partner Neil Hirshman and associate Imani Lee, employment and labor partner Risa Salins and associates Jackson Phinney and Paul Vasiloff, employee benefits partner Alexandra Mihalas and associate Mackenzie Packard, executive compensation partner Jack Stratton and associate Daniel Rios, real estate partner Roberto Miceli and associate Daniel Egel-Weiss, environmental transactions partner Sara Michaelchuck Webber and associate Matt Swanson, international trade and national security partner Luci Hague and associate Anais Bourbon, and antitrust partner Matthew Wheatley and associate Jacqueline Purmort-LaBue. 

Involved fees earner: Michael Alcan – Kirkland & Ellis; Jose Barragan-Monge – Kirkland & Ellis; Anais Bourbon – Kirkland & Ellis; Rachel Cantor – Kirkland & Ellis; Michael Chung – Kirkland & Ellis; Daniel Egel-Weiss – Kirkland & Ellis; Luci Hague – Kirkland & Ellis; Shelly Hirschtritt – Kirkland & Ellis; Neil Hirshman – Kirkland & Ellis; Imani Lee – Kirkland & Ellis; Polina Liberman – Kirkland & Ellis; Kevin Mausert – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Sara Michaelchuck Webber – Kirkland & Ellis; Alexandra Mihalas – Kirkland & Ellis; Brett Nelson – Kirkland & Ellis; Mackenzie Packard – Kirkland & Ellis; Jackson Phinney – Kirkland & Ellis; Will Pretto – Kirkland & Ellis; Daniel Rios – Kirkland & Ellis; Christian Rivas – Kirkland & Ellis; Risa Salins – Kirkland & Ellis; Jack Stratton – Kirkland & Ellis; Matt Swanson – Kirkland & Ellis; Katie Taylor – Kirkland & Ellis; Paul Vasiloff – Kirkland & Ellis; Matthew Wheatley – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Levine Leichtman Capital Partners;