Dallas — Private equity firm Lee Equity Partners has acquired majority ownership in The Living Company (TLC). TLC provides furniture, fixtures and equipment for off-campus student housing properties under the brand University Furnishings, and for hospitality and workforce housing. The Dallas-based company’s senior management team, led by CEO Paul Dougan, will continue to lead the company and will retain equity ownership in the business. Equity investor TZP will exit the business, while Platform Ventures will retain an equity stake. Financial terms of the transaction were not disclosed. “Since our founding in …