Add-on Acquisition • Furniture

Victoria Plumb Acquires MFI

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

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

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M&A Deal Summary

Date January 1, 2011
Target MFI
Sector Furniture
Buyer(s) Victoria Plumb
Sellers(s) OpCapita
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
Overall 1 of 1
Sector: Furniture 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2011 1 of 1

Seller Profile 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 Context for Seller #
Overall 1 of 6
Sector: Furniture 1 of 1
Type: Add-on Acquisition 1 of 2
Country: United Kingdom 1 of 3
Year: 2011 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