Hilding Anders is the European market-leading manufacturer of mattresses and beds. Founded in Sweden in 1939, it sells both branded and own-label mattresses and in some countries it also manufactures the supporting bed frames. The branded portfolio includes household names such as Bico (Switzerland), Hilding (Nordic), Slumberland (UK, Ireland) and Jensen (Norway). The business also supplies the fast growing private label segment for sale by large retailers such as IKEA. Hilding Anders is headquartered in MalmÃ¶, Sweden and employs over 3,100 staff across 18 production sites in 26 European countries.
Commenting on the transaction, Gary Long, Investcorpâs Chief Operating Officer, said: âSince we acquired Hilding Anders in December 2003, the company has developed into a truly global organisation. Added value has come from a combination of operational improvements and add on acquisitions in Asia and Europe (Croatia, France, Norway and Spain). We believe it is a model of how private equity support after acquisition, in partnership with a visionary management team, can transform a company.
âOur partnership with the management team and employees of Hilding Anders has more than reached our expectations. The company has, in less than three years, provided a highly favorable rate of return to our investors.â
Anders PÃ¥lsson, CEO of Hilding Anders, added: âThe business has performed well under Investcorpâs private equity ownership.â