About the Cherry Hill Deal
November 2015 – Mufson Howe Hunter (“MHH”), a boutique investment banking firm serving companies in the middle market, is pleased to announce that Eureka Growth Capital has sold Cherry Hill Holdings, Inc. (“Cherry Hill Photo”) to Keystone Capital, Inc.(“Keystone Capital”). Terms of the transaction were not disclosed.
Cherry Hill Photo is a leading provider of mall-based holiday photography services. Founded in 1961 and headquartered in Marlton, NJ, Cherry Hill Photo manages on-premises Santa and Easter Bunny photography programs for over 300 mall locations across North America. The company provides a full turn-key service offering, which includes a complex array of services including Santa and Easter Bunny placement, requisite support staff, photography service delivery, product merchandising and customer service during the Christmas and Easter seasons.
MHH acted as the exclusive financial adviser to Cherry Hill Photo, working closely with Eureka Growth Capital and the Cherry Hill Photo team throughout the sale process.
Mufson Howe Hunter, an investment banking firm established in 2004, focuses on merger and acquisition transactions and the placement of growth capital for middle market companies. MHH’s senior investment bankers each have over two decades of professional experience and transactional expertise across many industries, including business services, consumer, financial institutions, manufacturing and retail. MHH advises publicly-traded and privately-held companies, including family-held and private equity-backed businesses.