Private equity firms ‘vie for Dreams control’
Private equity firms are competing with a manufacturer for control of bed chain Dreams, according to press reports.
Sun European Partners, which bought the retailer from administration in 2013, is looking to sell and has hired Rothschild to run an auction according to The Sunday Telegraph.
It says initial bidders include King Koil China, which private equity firm Advent bought a majority stake in last November; Silentnight owner HIG Capital and manufacturer MLily.
The Sunday Telegraph said a deal could value Dreams at £400m. Last year it had profits of £32m.