Sentinel Capital Partners has acquired Hollander Sleep Products, a designer, manufacturer, and marketer of bedding products, from HGGC (formerly Huntsman Gay Global Capital) which acquired the company in 2009.
“Hollander is a leader in its industry with a talented management team that possesses extensive market knowledge and deep functional expertise,” said Eric Bommer, a Sentinel partner. “We are thrilled to be partnering with such a deep and experienced team.”
Hollander designs, manufactures and markets basic bedding products including bed pillows, mattress pads, comforters, foam products and related sleep accessories. The company markets its products under a portfolio of licensed and retail partner brands including Ralph Lauren®, Simmons®, Beautyrest®, Laura Ashley®, Nautica®, Waverly®, and Live Comfortably®. Hollander operates nine facilities across North America and employs 1,650 people worldwide. The company was founded in 1953 and is headquartered in Boca Raton (www.hollander.com).
“We are excited about our new partnership with Sentinel,” said Chris Baker, CEO of Hollander. “This marks a new chapter for our company as we continue to build upon our long record of industry leading design, innovation, quality and service.”
Sentinel Capital Partners invests in middle market companies in the United States and Canada in partnership with management. The firm invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of businesses with EBITDAs up to $50 million. Sentinel targets eight industry sectors: aerospace & defense, business services, consumer, distribution, food & restaurants, franchising, healthcare, and industrials. The firm is headquartered in New York (www.sentinelpartners.com).
HGGC (formerly Huntsman Gay Global Capital) makes leveraged buyout, recapitalizations and growth equity investments in middle market companies. The firm invests from $25 million to $100 million in equity per transaction in companies that have revenues of $100 million or more, enterprise values of $100 million to $500 million, and EBITDA of $15 million or more. HGGC is based in Palo Alto (www.hggc.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-22-14
