M&A Deal Summary

Victoria Plumb Acquires MFI

On January 1, 2011, Victoria Plumb acquired furniture company MFI from OpCapita

Acquisition Highlights
  • This is Victoria Plumb’s 1st transaction in the Furniture sector.
  • This is Victoria Plumb’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-01-01
Target MFI
Sector Furniture
Buyer(s) Victoria Plumb
Sellers(s) OpCapita
Deal Type Add-on Acquisition

Target

MFI

Hull, United Kingdom
MFI sells furniture related to kitchens, bedrooms, and bathrooms from 200 stores nationwide. MFI is based in Hull, United Kingdom.

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Buyer(S) 1

Buyer

Victoria Plumb

Hull, United Kingdom

Category Company
Founded 1999
Sector E-Commerce
Employees300
DESCRIPTION

Victoria Plum provides a range of predominantly own-branded bathroom products, including bathroom suites, bathroom furniture and accessories. Victoria Plumb was founded in 1999 and is based in Hull, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Furniture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

OpCapita

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 700M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

OpCapita invests in a variety of European retail, consumer and leisure businesses. The Firm looks to invest between €100 and €500 million in businesses that are 'strategically sound but operationally or financially challenged'. Sub-sectors of interest within retail/consumer include apparel, general retailers, food/beverage, household/lifestyle goods, and luxury/consumer goods. The Firm will consider a variety of transactions, including carve outs of non-core divisions, balance sheet restructurings, take privates, and sales of family owned businesses. OpCapita is the successor to Merchant Equity Partners. The Firm is based in London.


DEAL STATS #
Overall 1 of 6
Sector: Furniture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 BUT

Emerainville, France

BUT is a home equipment retailers in France, operating through a network of more than 300 stores. The Company offers a comprehensive selection of furniture, appliances, and decorative products, all complemented by attractive financing and extended warranty services. BUT was founded in 1972 and is based in Emerainville, France.

Buy €550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Comet Group

London, United Kingdom

Comet was underperforming operationally and its financial performance had deteriorated from generating operating profits to producing losses in the period prior to its acquisition.

Buy £2M