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New Deal


Announced

Torqx to acquire Beter Bed for $184m.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium107%
One Off Charge-

Tags

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Netherlands

bedroom furniture

Household Equipment and Products

Acquisition

Public

Majority

Private Equity

Pending

Friendly

Single Bidder

Cross Border

Synopsis

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Torqx, an investment firm, agreed to acquire Beter Bed, a sleep specialist in retail, wholesale and B2B, for $184m. "We successfully transitioned from bedding retailer to sleep specialist. The development of our digital organization is bearing fruit and online sales have accelerated. We introduced innovative store formats and rolled out 'Beter Slapen ID' reflected in strong client appreciation growth and increasing market share. I am proud of the strong progress made in building our business in a time marked by many macroeconomic challenges. Against this background, we carefully examined the ownership structure that would best capture the sustainable long-term success of our business," John Kruijssen, Beter Bed CEO.

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