De Brauw advises Beter Bed on the recommended all-cash public offer by Torqx Capital Partners
De Brauw is acting as lead advisor to Beter Bed Holding N.V. on the recommended all-cash offer of EUR 6.10 per share by the Benelux investment firm Torqx Capital Partners for all issued and outstanding shares in the capital of Beter Bed. Beter Bed is the largest sleep specialist in retail, wholesale and B2B in the Netherlands. The transaction, initiated by Torqx, is supported by long-term and dedicated shareholders Navitas Capital, Teslin Participaties and De Engh, who currently hold 16.59%, 13.87% and 13.86% respectively. With these irrevocables 44.32% of the shares are committed to the Offeror.
The Offer represents a total value of approximately EUR 168 million for 100% of the Shares and a premium of 107% to the Company’s closing Share price on 7 July 2023.