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Announced

Silverfleet-backed 7days acquired Praxis Herning.

Synopsis

Silverfleet-backed 7days, a specialist workwear supplier to the healthcare sector based in the Westphalia region of Germany, acquired Praxis Herning, which supplies the same end markets in the Nordic region. Financial terms were not disclosed. Joachim Braun, partner at Silverfleet Capital with responsibility for its investment in 7days said: “Their very similar specialism, strategy and corporate philosophy make 7days and Praxis ideal partners. Both stand for high-quality materials and workmanship providing maximum comfort for an attractive price-performance ratio. This acquisition is the first step in our growth strategy for 7days in particular through increasing its market penetration in other regions of Europe.”

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