Sealy buyout completed
By Furniture Today Staff -- Furniture Today, April 19, 2004
ARCHDALE, N.C. — Kohlberg Kravis Roberts & Co. and Sealy management have completed their acquisition of bedding leader Sealy in a deal valued at $1.5 billion.
KKR said it and management acquired about 92% of the company from an investment group led by Bain Capital and including Charlesbank Capital Partners, JPMorgan Partners, CIBC Argosy Merchant Fund and BancBoston Capital.
The sellers retained an approximately 8% stake.
