Epiris announces Sharps acquisition
The deal comes as Sharps intends to install its furniture in more than 25,000 UK homes throughout 2021
Epiris has announced that its Epiris Fund II has agreed to acquire Sharps, the fitted bedroom furniture supplier from Sun European Partners.
The finances of the transaction, which is due to take place by the end of September, have not been disclosed.
The deal comes as Sharps intends to install its furniture in more than 25,000 UK homes throughout 2021.
Bill Priestley, chief investment partner at Epiris, said: “Sharps is the leader in a market which offers strong long-term growth prospects beyond the boom it is currently enjoying.
“We are all delighted to be partnering with Kevin and his team to build on the company’s clear and proven strengths in selling bespoke products direct to consumers.”
Epiris’ Fund II was raised in 2017 via a number of investors such as Portals, TI Media, The Club Company, Bonhams, Diamorph, and IFG Group, and has since carried out eight acquisitions.
Kevin Smith, chief executive at Sharps, said that the private equity firm has “a great track record” in both “evolving and building businesses”.
