Announced
Financials
Tags
Domestic
furniture wholesaler
Household Furnishings
Private Equity
Friendly
Acquisition
Completed
Single Bidder
Majority
Private
Germany
furniture producer
Synopsis
Kapital 1852, a private equity firm, completed the acquisition of a majority stake in H. May, a provider of furniture. Financial terms were not disclosed. "We are pleased to have a successful and experienced entrepreneur as a partner in Jens-Uve May, who has known the industry for a long time and has developed a deep understanding of the products and customer groups. In the future, we will actively support the MAY team in implementing the various internal and external growth initiatives. In order to achieve our common goals, we will initially invest primarily in the organization and digitization of MAY's business processes," Eberhard von Strenge, Kapital 1852 Partner.
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