M&A Deal Summary

Nobia Acquires Gower Furniture

On December 1, 2003, Nobia acquired furniture company Gower Furniture from Electra for 36M GBP

Acquisition Highlights
  • This is Nobia’s 1st transaction in the Furniture sector.
  • This is Nobia’s 0th largest (disclosed) transaction.
  • This is Nobia’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2003-12-01
Target Gower Furniture
Sector Furniture
Buyer(s) Nobia
Sellers(s) Electra
Deal Type Add-on Acquisition
Deal Value 36M GBP

Target

Gower Furniture

West Yorkshire, United Kingdom
website
Gower manufactures own label kitchen and bathroom furniture solutions and generates value by utilising economies of scale, leveraging Group competencies on areas such as raw material sourcing.

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Buyer(S) 1

Buyer

Nobia

Stockholm, Sweden

website

Category Company
Founded 1996
Sector Consumer Products
Employees5,929
Revenue 14.9B SEK (2022)
DESCRIPTION

Nobia is a manufacturer and retailer of kitchen interior products in Europe. The company sells its products directly to consumers and to the construction industry under some 20 different brands such as Marbodal, HTH, Novart, Norema, Poggenpohl, and Magnet. Nobia was formed in 1996 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 5
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 4
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-28 Poggenpohl

Herford, Germany

Poggenpohl is a designer, manufacturer and marketer of kitchen products. Poggenpohl was founded in 1892 and is based in Herford, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 Rixonway Kitchens

Dewsbury, West Yorkshire, United Kingdom

Rixonway operates in the social housing market and provides the complete kitchen solution for community regeneration. Rixonway was established in 1979 and is located in Dewsbury, near Leeds. Rixonway is the only UK company completely dedicated to providing kitchens for community regeneration and has over 25 years experience in social housing and the public sector.

Buy £34M

Seller(S) 1

SELLER

Electra

London, United Kingdom

Investor

website

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 4 of 32
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 2 of 11
Country (United Kingdom) 4 of 25
Year (2003) 1 of 1
Size (of disclosed) 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-01 NewDay

London, United Kingdom

NewDay is a UK specialty finance company. It operates in two business segments: near-prime, which provides Aqua and Marbles branded credit cards to customers who are new to credit or wish to rebuild their credit history; and co-brand, which provides credit cards in partnership with established retailers such as Debenhams and House of Fraser. NewDay was founded in 2000 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 MPS Meat Processing Systems BV

Lichtenvoorde, Netherlands

MPS Meat Processing Systems B.V. develops, manufactures and installs high-tech slaughtering systems. MPS also designs and installs systems for the portioning, deboning and logistic processing of meat products, as well as effluent treatment systems.

Buy -
Mergr

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