- Magical Honour aquires the Matratzen Concord-Group, which is active in the DACH-Region
- The seller Beter Bed Holding N.V. is a Dutch Company which is listed on Euronext Amsterdam
- Ebner Stolz provided buy-side Financial Due Diligence support
Stuttgart, 28th October 2019 - The audit and consulting firm Ebner Stolz advises Magical Honour Limited (Magical) on its acquisition of Matratzen Concord by providing Financial Due Diligence services.
Magical Honour Limited, an investment vehicle owned by an Asian private equity investor with close ties to the bedroom furniture industry, has acquired 100% of the shares in BBH Services GmbH & Co. KG, BBH Beteiligungs GmbH, Matratzen Concord GesmbH in Austria and Matratzen Concord (Schweiz) AG in Switzerland (combined Matratzen Concord).
The completion of the purchase agreement for the takeover of Matratzen Concord by Magical Honour should be finalised by the end of the year. The closing of the transaction is still subject to closing conditions.
Matratzen Concord is active within the DACH region as the distribution channel of the Dutch Beter Bed Holding N.V. Beter Bed Holding N.V. is a company listed on Euronext Amsterdam which specialises in bedroom furniture and related products.
Matratzen Concord was founded in 1981 in Cologne and distributes its products as a specialist discounter online and in over 1,000 stores across Germany, Austria and Switzerland. Matratzen Concord is headquartered in Cologne, Germany.
Team Ebner Stolz: Christian Fuchs (Project managing Partner Transaction Advisory Services, Lead Financial Due Diligence), Ran Chen (China Desk Managing Director) and Benedict Freely (Manager Financial Due Diligence)
Press Contact
Dr. Ulrike Höreth
Ebner Stolz
Kronenstraße 30
70174 Stuttgart
Tel. +49 711 2049-1371
ulrike.hoereth@ebnerstolz.de
Corporate Contact
Christian Fuchs
Ebner Stolz
Kronenstraße 30
70174 Stuttgart
Tel. +49 711 2049-1276
christian.fuchs@ebnerstolz.de
About Ebner Stolz
Ebner Stolz is one of the largest independent mid-sized MDP firms in Germany and is among the Top Ten in the sector. The firm has decades of in-depth experience in auditing, tax advice, legal advice, and corporate consulting. More than 1,500 employees in all major German cities and business centers offer a broad range of services based on a multi-disciplinary approach. Ebner Stolz predominantly advises medium-sized industrial enterprises as well as trade and service companies of all sizes and industries.
Cross-border auditing and consulting assignments are carried out with partners of Nexia International, one of the world’s top ten networks of independent consulting and auditing firms. With more than 700 Nexia offices worldwide Ebner Stolz is present in more than 120 countries.