Torqx Capital Partners acquires majority of the shares of Beter Bed Holding

Torqx Capital Partners (“Torqx”) is pleased to announce that it has acquired a majority share in Beter Bed Holding (“Beter Bed”), a leading Dutch omnichannel sleep specialist with a recognized brand and relevant value for money to mid-premium offering. Beter Bed builds from a strong market position in the Netherlands and Belgium with a portfolio of proprietary brands with high awareness and strong customer advocacy in B2C and B2B. Beter Bed is headquartered in Uden and operates a B2C retail footprint of 130 stores which is complemented with its online and wholesale business.

On July 10, 2023, Torqx and Beter Bed agreed on a recommended all-cash offer of EUR 6.10 which was launched on October 4, 2023 and which was declared unconditional by Torqx on November 29, 2023. Operating in a private setting supports Beter Bed in the next phase of its development, promoting the long-term sustainable success of the Company and enabling the management team to accelerate the execution of its business strategy. Torqx fully supports management in its growth strategy, including its continued investments in the brand and future growth priorities which will enable the company to continue its strong focus on providing the highest possible quality products to its customers.

John Kruijssen, CEO of Beter Bed states that: “We are very excited to partner with Torqx for the next phase for Beter Bed. Over the past year, Torqx has shown a great understanding of our business and being privately owned will enable us to best capture the sustainable long-term success of the business. Together with the three long-standing shareholders Navitas Capital (“Navitas”), Teslin Participaties (“Teslin”) and De Engh, Torqx is a partner that shares our vision and values and has a proven track record of building better businesses with an entrepreneurial mindset enabling Beter Bed to further invest in offering the best products for its customers.”

Harmen Geerts, Managing Partner & Chief Investment Officer at Torqx, further states that: “Beter Bed has a robust strategy in place with the right components for growth and long-term success. We recognize the quality and commitment of the management team, having a clear vision where to steer the company, combined with strong execution skills. In this new, privately owned setting, Beter Bed will be able utilize all its resources to facilitate growth with a focus on long-term value creation for all stakeholders. We are excited to partner with the three long-standing shareholders Navitas, Teslin and De Engh who share our long-term perspective on further strengthening Beter Bed’s business in the Benelux and internationally.”

For this transaction, Torqx engaged Stibbe and DLA Piper as legal advisors, Oxeye as M&A advisor, KwikGielen as debt advisor, and Deloitte provided financial and tax due diligence services.

About Beter Bed

Beter Bed Holding is the Netherlands’ leading sleep specialist in retail, wholesale and B2B, with a simple mission: “We believe that the better we sleep, the happier, healthier and more productive we are. And we won’t rest until everyone gets the high-quality sleep they deserve.” The Company operates the successful retail brands Beter Bed, Beddenreus, the subscription brand Leazzzy and the digital organisation LUNEXT. In addition, through its subsidiary DBC International, the Company has a wholesale business in branded products in the bedroom furnishings sector, which includes the well-known international brands M line and Simmons. With four distribution centres, a fleet of 80 vehicles, 130 stores, a fast-growing online presence, and a wholesale company, Beter Bed generated EUR 229.4 million revenue in 2022 with a team of over 1,000 dedicated employees. Providing expert sleep advice is at the very heart of the Company’s strategy, and thanks to its revolutionary ‘Beter Slapen ID’ tool, its sleep consultants help customers to get the perfect night’s sleep. Beter Bed is proud that M line is the official sleep supplier of AFC Ajax, TeamNL, Jumbo-Visma, NOC*NSF and the KNVB. For more information please visit: