BAHRAIN, 31 October 2006 — Investcorp, the asset management firm specializing in alternative investments, yesterday announced that it had signed an agreement to sell Hilding Anders, the leading mattress and beds manufacturer, for an enterprise value of about 1 billion euros.
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).