HIG Capital, a US$62 billion investment group, has expanded its global portfolio by acquiring Sleepeezee. The deal, whose financial details remain undisclosed, was facilitated through HIG Capital's subsidiary, The Sleep Group, which holds a majority stake in Silentnight.
Together, Sleepeezee and Silentnight will command approximately one-fifth of the UK bed market. Both brands will continue to operate under their existing management structures, with a strategic emphasis on leveraging their collective strengths within the bed and mattress industry.
Photo: Sleepeezee
John Harper, Managing Director at HIG Capital responsible for investments in the UK, Ireland, Holland, and the Nordic region, expressed his enthusiasm about integrating Sleepeezee into the group, highlighting its strong brand presence and substantial growth potential both domestically and internationally.
Source: www.interiorsmonthly.co.uk