Family owned, leading independent retailer of carpets and other home furnishings such as beds, bedroom furniture, sofas and rugs.
Successful 25 year trading history, founded as a partnership in 1992 before incorporating in 2003.
Operating from well located premises in Thetford, Norfolk, the business is well positioned for future in-store and online growth.
Acquisition of 100% of the shares of Cosy Carpets by Smartest Man Holdings Limited, parent company to the Mattressman Group.
Mattressman is one of the UK’s leading suppliers of beds, mattresses and bedding.
Complete exit for founding shareholders of Cosy with incentives for the remaining key management team.
Strategic geographic location for Mattressman’s continued expansion strategy into the wider home furnishings market.
Instructed by Mattressman to negotiate heads of terms, manage financial and tax due diligence and to act as lead advisers throughout the process.
Carried out a thorough financial and tax due diligence review, reporting in a timely manner to the shareholders and incorporating key findings into the deal structure.
Advised shareholders on the most attractive deal and funding structure, the terms of the transaction and achieving a prompt completion.