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New Deal


Announced

Completed

Cerberus-backed Brooklyn Bedding completed the acquisition of Leesa Sleep.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Household Furnishings

Private Equity

Private

Acquisition

Single Bidder

Majority

Completed

Friendly

Domestic

United States

mattresses

Synopsis

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Cerberus-backed Brooklyn Bedding, a manufacturer of mattresses, completed the acquisition of Leesa Sleep, a mattresses manufacturer. Financial terms were not disclosed. "We're excited to welcome another iconic brand to the 3Z family. Leesa is an exceptional company built on the pillars of delivering better sleep for customers and creating a positive impact in communities. With its advanced design expertise and high-quality products, we're looking forward to supporting Leesa's continued growth with our best-in-class manufacturing expertise and digital capabilities. This addition marks our third acquisition within the last year, demonstrating 3Z's commitment to building a leading DTC platform that meets each customer's tailored sleeping needs," John Merwin, 3Z Brands CEO.

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