Sun Capital Partners Buys UK Bedding Retailer

March 5, 2013  by in UnCategorized   

By Aggregated Content in Acquisition on March 6, 2013 from http://uk.finance.yahoo.com/news/uk-beds-retailer-dreams-sold-120858088.html

British bedding retailer Dreams has been sold to private equity firm Sun Capital Partners.

Administrators for the beds and furniture firm, Ernst & Young, said on Wednesday it had sold the struggling company's business and assets for an undisclosed sum, securing it new investment and allowing it to operate outside of insolvency.

With the acquisition, Sun Capital Partners buy 171 of Dreams' 266 stores, as well as its head office and two manufacturing sites. Sun Capital's current home furnishings holdings are Lexington Home Brands, Rowe Furniture and Sleep Innovations.

 

Read Full Article...