Alteri Investors to acquire Blue Group from Steinhoff International.

Alteri Investors, a private equity firm is set to acquire Blue Group Hold, owner of Bensons for Beds, Harveys Furniture and upholstery & bedding manufacturers Relyon, Steinhoff UK Beds and Formation Furniture, from Steinhoff International Holdings. Financial terms were not disclosed. The investment will be made from Alteri’s second investment vehicle, launched in August 2019, with the backing of funds and accounts managed by affiliates of Apollo Global Management. The acquisition is subject to regulatory approval. “We are delighted to be teaming up with Alteri. Throughout the sale process, they have demonstrated an in-depth understanding of our business and their expertise, not least in digital, will help turbo-charge our plans to drive the performance of the group,” Mark Jackson, Blue Group CEO.