M&A Deal Summary

Tempur Sealy Acquires Sealy

On March 18, 2013, Tempur Sealy acquired consumer products company Sealy from KKR for 1.3B USD

Acquisition Highlights
  • This is Tempur Sealy’s 1st transaction in the Consumer Products sector.
  • This is Tempur Sealy’s 2nd largest (disclosed) transaction.
  • This is Tempur Sealy’s 1st transaction in the United States.
  • This is Tempur Sealy’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2013-03-18
Target Sealy
Sector Consumer Products
Buyer(s) Tempur Sealy
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Citigroup Investment Banking (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Sealy

Trinity, North Carolina, United States
Sealy Corp. manufactures and markets a broad range of mattresses and foundations under the Sealy, Sealy Posturepedic, Optimum by Sealy Posturepedic, Stearns & Foster, and Bassett brands.

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Buyer(S) 1

Buyer

Tempur Sealy

Lexington, Kentucky, United States

Category Company
Founded 1989
Sector Consumer Products
Employees9,000
Revenue 4.9B USD (2023)
DESCRIPTION

Tempur Sealy is a bedding provider that develops, manufactures, and markets mattresses, foundations, pillows, and other products. Tempur Sealy was founded in 1989 and is based in Lexington, Kentucky.


DEAL STATS #
Overall 1 of 4
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-24 Sherwood Bedding

Orlando, Florida, United States

Sherwood Bedding is an independently owned bedding manufacturer, operates four manufacturing facilities across the U.S. and serves as a manufacturing partner for several retailers and the hospitality trade. Sherwood Bedding is based in Orlando, Florida.

Buy $40M

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 40 of 205
Sector (Consumer Products) 3 of 7
Type (Add-on Acquisition) 10 of 67
State (North Carolina) 1 of 2
Country (United States) 23 of 89
Year (2013) 1 of 7
Size (of disclosed) 25 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-08 Smallsteps

Amersfoort, Netherlands

Smallsteps is a provider of childcare services in the Netherlands. The Group offers day care for 0-4 year olds and pre/after school care for 4-12 year olds. The group provides services to 26,000 children through its 251 locations and 2,750 employees. Smallsteps works together with parents, local communities and national partners to ensure excellent childcare services are provided for its customers. Smallsteps was founded in 1975 and is based in Amersfoort, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Intelligence

Tokyo, Japan

Intelligence is a comprehensive HR services company, providing services including online and classified job advertisement services, permanent placement services, temporary staffing services, IT and business process outsourcing services, public solutions services, and IT system development services in Japan, as well as permanent placement services in China and South East Asia. Intelligence was formed in 1989 and is based in Tokyo, Japan.

Sell $716M