Goodwin's London Private Equity team advised H.I.G. Capital on its acquisition of the entire issued share capital of Sleepeezee, a UK-based producer of bespoke and luxury beds and mattresses. Sleepeezee will be combined with H.I.G.'s existing portfolio company, Silentnight, the UK's leading bed and mattress manufacturer, and collectively marketed as 'The Sleep Group'.
H.I.G. Capital is a leading global alternative investment firm with $61 billion of equity capital under management. For over 30 years, the H.I.G. platform has created long-term value across a range of strategies, including private equity, growth equity, direct lending, special situations credit, real estate, infrastructure, and biohealth.
Sleepeezee is based in Rochester, Kent and has been producing luxury handmade beds for almost 100 years. The focus is on consistency and quality, with the use of natural materials including British wool, silk, cashmere and horsehair. Sleepeezee is a holder of a Royal Warrant, in recognition of its provision of goods to the British Royal Family.
Silentnight is the UK's leading bed manufacturer, with a number of prestigious brand names in its portfolio. It is estimated that one in five beds sold in the UK is a Silentnight Group brand.
The acquisition deal team was led by James Grimwood, and consisted of Charles Elsom, Charlie Lord, Megan Gibson, and Matthew Nestor (Corporate); Dulcie Daly and Becky Wallis (Tax); Rachel Thurbon, Annabel Loose, Luke Elliot and Folakemi Dele-Adeniyi (Commercial, IP, and Data Protection); Emma Randall (Employment) and Ai Tajima (W&I).
The financing deal team was led by Hugh O'Sullivan and consisted of Nadim Islam and Amber Bagshaw (Debt Finance).
For further detail, please see the press release.