M&A Deal Summary

Alteri Investors Acquires Blue Group Hold Co.

On November 15, 2019, private equity firm Alteri Investors acquired business services company Blue Group Hold Co. from Steinhoff

Acquisition Highlights
  • This is Alteri Investors’ 1st transaction in the Business Services sector.
  • This is Alteri Investors’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-11-15
Target Blue Group Hold Co.
Sector Business Services
Buyer(s) Alteri Investors
Sellers(s) Steinhoff
Deal Type Divestiture

Target

Blue Group Hold Co.

Cheltenham, United Kingdom
Blue Group Hold Co. owner of Bensons for Beds, Harveys Furniture and upholstery & bedding manufacturers Relyon, Steinhoff UK Beds, and Formation Furniture. Blue Group Hold Co. is based in Cheltenham, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Alteri Partners is a private investment firm focused on distressed retail/consumer acquisitions. Alteri targets businesses with €100 million to €3 billion in sales and will consider opportunities throughout the UK, Benelux, and Germany. Alteri Partners was formed in 2015 and is headquartered in London.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 CBR Fashion Group

Isernhagen, Germany

CBR Fashion Group is a women’s fashion manufacturer. With a broad geographical presence and two established brands, Street One and CECIL, CBR is one of the foremost suppliers of women's fashion in Germany, employs over 1,200 people, and is represented in 19 European countries. CBR Fashion Group was formed in 1980 and is based in Isernhagen, Germany.

Buy -

Seller(S) 1

SELLER

Steinhoff

Stellenbosch, South Africa

Category Company
Founded 1964
Sector Consumer Products
Employees91,519
Revenue 7.9B EUR (2020)
DESCRIPTION

Steinhoff is an integrated retailer that manufactures, sources and retails furniture and household goods in Europe, Africa and Australia. In addition, the group owns diversified industrial businesses in southern Africa through supply chain solutions, passenger services, timber products and manufacturing operations across diverse industries. Steinhoff was founded in 1964 and is based in Stellenbosch, South Africa.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Mattress Firm

Houston, Texas, United States

Mattress Firm is multi-brand mattress retailer. Mattress Firm brands include Mattress Firm, Sleepy's and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products. Mattress Firm was formed in 1886 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 Conforama France SA

Lognes, France

Conforama France SA is a home equipment retailer of furniture, decoration, homeware appliances, and electronic goods.

Sell -