HIG Growth Partners has invested in online retailer LuLu’s Fashion Lounge.

LuLu’s, headquartered in Chico, California, sells young women’s apparel, shoes and accessories online. Terms of the transaction were not disclosed.

HIG Growth, headquartered in Boston, is the investment affiliate of HIG Capital, a private equity firm that has more than $15 billion in capital under management. HIG Growth generally invests between $5 million and $30 million in equity in companies.

Abacus Finance Group LLC made an equity co-investment and acted as administrative agent and sole lead arranger for the senior secured credit facilities for Lulu’s leveraged recapitalization. RLJ Credit provided mezzanine financing for the deal and also made an investment in LuLu's. Goulston & Storrs LLP was Abacus’ legal counsel.

Other recent consumer goods and retail deals include Nordstrom’s July purchase of personalized stylist service Trunk Club, and Catteron Partners’ acquisition of a majority stake in jewelry company John Hardy.

For more on the retail sector, see “Boutique Appeal.”

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