Kent based bed and mattress manufacturer, Sleepeezee, has been acquired by The Sleep Group, owned by H.I.G. Capital. The Sleep Group is also the majority shareholder of mattress maker Silentnight.
The acquisition by H.I.G. Capital from French-based Private Equity company, Perceva, sees two strong, independent brands with distinct market positions delivering a group market share of circa 20% and continuing to operate under the stewardship of their current management teams from their respective sites in Rochester, Kent and Barnoldswick, Lancashire.
Both businesses will continue to work in partnership with their valued customer bases and established supplier networks, with a future focus on leveraging their combined strengths in the bed and mattress market.
John Harper, H.I.G. Capital Managing Director commented: ‘We’re excited to add Sleepeezee to the group, it is a strong, scalable brand, with significant room for growth both domestically and internationally’.
Tracey Bamber, Silentnight CEO, said: “We’re delighted to welcome Sleepeezee to the group and look forward to moving forward together as two well respected distinct businesses in the UK market.”
Steve Warren, Sleepeezee Managing Director added: “2024 sees Sleepeezee celebrating our 100th year in the bed industry, we’re delighted to be joining the group at such a pivotal time and can’t wait to start delivering on our growth plans under new ownership for many more years to come.”
