Add-on Acquisition • Furniture

FL Partners Exits Kaymed

On June 25, 2021, Leggett & Platt invested in furniture company Kaymed from FL Partners

Investment Context
  • This is Leggett & Platt’s 13th transaction in the Furniture sector.
  • This is Leggett & Platt’s 1st transaction in Ireland.

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Investment Summary

Date June 25, 2021
Target Kaymed
Sector Furniture
Investor(s) Leggett & Platt
Sellers(s) FL Partners
Deal Type Add-on Acquisition

Target Company

Kaymed

Dublin, Ireland
Kaymed is a premium foam and mattress manufacturer in Ireland known for its excellent product quality and wholly owned brands including Kayfoam, Kaymed, King Koil, Odearest and iGel. Kaymed is also a manufacturer of beds for the emerging European Bed in a Box sector.
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Investor Overview 1

Investor

Leggett & Platt

Carthage, Missouri, United States

Category Company
Founded 1883
Sector Manufacturing
Employees17,700
Revenue 4.4B USD (2024)
DESCRIPTION
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.

Leggett & Platt is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company's residential furnishing's segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The Company's commercial fixtures and components group designs, produces, installs and manages our customers’ store fixtures projects as well as designs, manufactures, and distributes a wide range of engineered components and products primarily for the office seating market. The Company's industrial materials segment manufactures a variety of wires and tubing products. The Company's specialized product segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. Leggett & Platt was formed in 1883 and is based in Carthage, Missouri.


Deal Context for Investor #
Overall 30 of 30
Sector: Furniture 13 of 13
Type: Add-on Acquisition 29 of 29
Country: Ireland 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Elite Comfort Solutions

Newnan, Georgia, United States

Elite Comfort Solutions, Inc. is a provider of specialty foam. Elite Comfort Solutions has a national network of 16 facilities throughout the U.S. Elite Comfort Solution is based in Newnan, Georgia.

Buy $1.3B

Seller Profile 1

SELLER

FL Partners

Dublin, Ireland

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

FL Partners is an Irish investment firm focused on mid-sized businesses. FL is a generalist investor and targets companies valued between €25 and €500 million. The Firm will consider opportunities across the UK, Europe, and the US. FL Partners was formed in 2006 and is based in Dublin.


Deal Context for Seller #
Overall 4 of 4
Sector: Furniture 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Ireland 3 of 3
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-03 Potensis

London, United Kingdom

Potensis provides temporary and permanent recruitment services to the residential housebuilding, social housing and commercial construction sectors. Potensis was founded in 2000 and is based in London, United Kingdom.

Buy -

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