Malmo, Sweden – KKR, a global investment firm has agreed to acquire Arle Capital Partners’ stake in Hilding Anders, a mattress company.
The agreement is subject to regulatory clearances, but assuming these are agreed, then KKR will become the majority shareholder in Hilding Anders. No financial terms were disclosed.
Hilding Anders manufactures beds in Europe, Russia and Asia. It employs 9,500 at 23 sites across 19 countries, and sells products in 65 local markets, generating revenues of €917m in 2015.
KKR first supported Hilding Anders in 2013, when KKR Credit invested €350m.
Cristobal Cuart, Director at KKR Credit, said: “Our operational expertise, industry know-how and experience in investing in European businesses will support Hilding Anders as it builds on its position in bed manufacturing in Europe, Russia and Asia.”
