Hints and tips:
...The bedding manufacturer behind the Sealy and Tempur-pedic brands is to buy the US’s largest speciality mattress retailer, Mattress Firm, in a deal with an enterprise value of $4bn....
...The US mattress maker is buying Mattress Firm in a cash and stock deal valued at about $4bn, including debt....
...“It’s an easy way to renovate your space,” says Ari S Heckman, co-founder and CEO of Ash, a New York-based hotelier and interior design firm....
...Marco Giordano, an investment director at Wellington Management, says this shines through in his conversations with clients including wealth management firms and fund selectors....
...The rusty springs beneath a $4bn mattress deal Mattress M&A is usually fodder for lame bedding-based puns, and Tempur Sealy’s $4bn deal to buy Mattress Firm announced on Tuesday is no different....
...Just two weeks earlier, Mattress Firm, a leading mattress retailer, pulled plans for an initial public offering....
...Smart mattress maker 8H, intelligent lighting company Yeelight and commercial operating system maker Shanghai Sunmi Technology have shelved IPO plans in recent months, according to documents and Chinese...
...“There is simply no ambiguity in my mind,” said Judge David R Jones as he made a ruling last May in the bankruptcy case of Serta Simmons Bedding, a large, private equity-backed mattress company....
...“How you consume content is different when you’re 20 years old or 40 years old or 60 years old,” a partner at US private equity firm Shamrock Capital told the Wall Street Journal earlier this year....
...With such a high proportion of a market’s value created by so few groups, it feels fair to question the tool kits of asset allocators and, more broadly, the product line-up of fund management firms....
...Some companies that defaulted in 2023 had already previously defaulted, such as Envision Healthcare and mattress company Serta Simmons....
...One distressed debt fund manager said aggressive investors such as his firm would benefit if other jurisdictions followed the Serta precedent....
...London-based financial communications firm Camarco has been acquired by advisory firm APCO Worldwide, for a price tag of about £20mn, according to a person familiar with the matter, resulting in more than...
...Hoarding dollars — the proverbial hiding cash under the mattress — is a national pastime....
...Take, for example, a fight under way right now at the mattress company, Serta Simmons Bedding, currently owned by the private equity firm Advent International....
...Bridgewater’s former deputy chief Diana Zhang has joined crypto firm BlockTower Capital as chief operating officer....
...His mattress had gone too. One night, at 4am, he had found himself sleepwalking in the middle of the city, miles from home. He had no recollection of leaving his room. “I saw the moon....
...High returns meant high risk and First Boston suffered significant paper losses on bridge loans extended to such companies such as Ohio Mattress, Campeau and Long John Silver’s....
...A bellwether of the public-back-to-private trend was the direct-to-consumer mattress company Casper Sleep, which in 2021 sold itself to a private equity firm for less than $300mn, well below its equity valuation...
...The creditors themselves are sophisticated and well-represented — all the brand-name asset managers and law firms are players in this market. Caveat emptor should be the prevailing philosophy....
...The largest penalty against KPMG was a £13mn fine over a conflict of interest when it advised on the restructuring and sale of mattress company Silentnight in 2011 to a private equity group that it was trying...
...I’m the founder and CEO of Modernist Financial, a wealth management firm and at lovely Portland, Oregon....
...Customers of the hilariously-named Mattress Firm have slept more peacefully than frazzled investors of owner, Steinhoff....
...He invested in the firm in 1987 as a “white knight” to keep it out of the hands of investor Ron Perelman....
...One of their peers, the direct-to-consumer online mattress company Casper, offers a cautionary tale — after two years of public trading, it was bought out by a private equity firm for just over half of its...
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