PE-backed Sleep Country wraps up $185 mln secondary deal
Toronto-based specialty mattress retailer Sleep Country Canada Holdings Inc (TSX: ZZZ) has closed its previously-announced secondary offering of common shares. As a result of the deal, selling shareholders, which include Canadian private equity firm Birch Hill Equity Partners, obtained gross proceeds of $185 million. With the offering's close, the selling shareholders now hold about 18.9 percent of the company's total ownership interest. Sleep Country, acquired by Birch Hill and other investors in 2008, went public earlier this year.
17 December 2015•4 mins read
