Sleep Country investors to raise $185 mln from secondary sale
Sleep Country Canada Holdings Inc (TSX: ZZZ), which tied up an initial public offering earlier this year, has launched a secondary share offering. The offering, priced at $18.50 per share, will generate at least $185 million in gross proceeds for selling shareholders, which include Canadian private equity firm Birch Hill Equity Partners. Following the offering's close, expected on or about December 17, selling investors will hold an ownership interest in the company of about 18.9 percent or less. Sleep Country, a Toronto-based specialty mattress retailer, was taken private by Birch Hill, Westerkirk Capital and other investors in 2008.
1 December 2015•4 mins read
