Proventus Capital Partners finances Sharps Bedrooms Ltd
September 12, 2013
Proventus Capital Partners has provided a five year senior secured term - unitranche - loan of GBP 15 million to United Kingdom-based Sharps Bedrooms Limited. The loan will be used to refinance existing debt and for general corporate purposes.
Sharps Bedrooms was founded in 1973 and is the market leader within designing, manufacturing and installation of fitted bedrooms and home office furniture in the United Kingdom. Sharps Bedrooms has approximately 120 showrooms across the UK, as well as a strong online presence. The company’s products include a selection of contemporary and classic styles. Its range of finishes include high gloss and veneer options chosen in order to meet a wide range of consumer needs. Most products are manufactured in Sharps Bedroom’s factory in Bilston, United Kingdom, where many of the 600 employees are located. Since 2007, Sharps Bedrooms is owned by an affiliate of Sun European Partners LLP, which will continue to actively support the company going forward.
Proventus Capital Partners believes that there will be a continued demand for fitted bedrooms and home offices in the UK and that Sharps Bedrooms is well positioned to take advantage of this going forward.