Quayle Munro Limited is pleased to announce that it has advised global private equity firm Advent International (“Advent”) on its acquisition of DFS, the UK’s market-leading sofa retailer. Quayle Munro was sole M&A adviser to Advent on the deal.
Richard Baker, former CEO of Alliance Boots, who joined Advent, as an Operating Partner in August 2009 will assume the role of Chairman, taking over from the Founder and current Chairman, Lord Graham Kirkham.
DFS, based in Doncaster, is the number one brand in the UK sofa market and currently operates from 74 sofa stores across the UK, employing more than 2,600 people. Under its ownership Advent, which has been investing in the retail, consumer products and leisure sectors since 1984, plans to build on DFS’s strong foundations and evolve the existing business model in order to access more customers through new store rollout, online and brand development.
The value of the transaction was not disclosed.