Joost Smaal
OXEYE HJW Advisors
Beter Bed
Deal Type
Acquisition
Sector
Consumer
Completion Date
10th July 2023
Deal Value
€168m
Company Background
Beter Bed Holding is the Netherlands’ leading sleep specialist in retail, wholesale and B2B.
Listed on Euronext Amsterdam, the Company operates the successful retail brands Beter Bed, Beddenreus, the subscription brand Leazzzy and the digital organisation LUNEXT. In addition, through its subsidiary DBC International, the Company has a wholesale business in branded products in the bedroom furnishings sector, which includes the well-known international brands M line and Simmons.
With four distribution centres, a fleet of 80 vehicles, 130 stores, a fast-growing online presence, and a wholesale company our team of over 1,000 dedicated employees generated EUR 229.4 million revenue in 2022.
Deal Summary
Torqx Capital Partners and Beter Bed Holding have reached a conditional agreement on an intended recommended all-cash public offer for 100% of the shares in Beter Bed Holding with an offer price of EUR 6.10 per share, representing a significant premium of approximately 107% to Beter Bed’s closing price per share on 7 July 2023 of EUR 2.95.
This delivers immediate, certain and attractive value to the shareholders of the Company. The Offer values a 100% of the Shares at approximately EUR 168 million.
OXEYE Advisors acted as financial advisor to Torqx Capital Partners.
Based on the required steps and subject to the necessary approvals, the Company and the Offeror anticipate settlement of the Offer ultimately beginning of 2024.
