Munich, London, Paris \u2014 Silver\u00adfleet Capi\u00adtal, the pan-Euro\u00adpean private equity firm, has signed an agree\u00adment to sell 7days to a consor\u00adtium of inves\u00adtors inclu\u00adding Chequers Capi\u00adtal and Para\u00adgon Part\u00adners. 7days is a provi\u00adder of work\u00adwear for medi\u00adcal profes\u00adsi\u00adons head\u00adquar\u00adte\u00adred in Germany. For Silver\u00adfleet Capi\u00adtal, the gross money multi\u00adple is 3.1x. Details of the tran\u00adsac\u00adtion, which is still subject to custo\u00admary regu\u00adla\u00adtory appr\u00adoval and is expec\u00adted to close in Janu\u00adary 2021, are not being disclosed.<\/p>\n
7days was foun\u00added in 1999 in Lotte near Osna\u00adbr\u00fcck. Today, the company is a leading supplier of modern and inno\u00adva\u00adtive work\u00adwear for medi\u00adcal profes\u00adsi\u00adons. 7days designs, manu\u00adfac\u00adtures and distri\u00adbu\u00adtes a wide range of high-quality products, from jackets to lab coats, for more than 300,000 health\u00adcare custo\u00admers in twelve count\u00adries, inclu\u00adding Germany, Austria, Switz\u00ader\u00adland, France, Belgium, the Nether\u00adlands and Scandinavia.<\/p>\n
7days combi\u00adnes a fully inte\u00adgra\u00adted multi-chan\u00adnel distri\u00adbu\u00adtion plat\u00adform, inclu\u00adding both cata\u00adlog marke\u00adting and strong e\u2011commerce chan\u00adnels, with a verti\u00adcally inte\u00adgra\u00adted busi\u00adness model with diver\u00adsi\u00adfied supply chains and in-house CSR (1)-compliant design and manu\u00adfac\u00adtu\u00adring capa\u00adbi\u00adli\u00adties. This enab\u00adled the company to achieve stable, coun\u00adter\u00adcy\u00adcli\u00adcal growth in its home market and also inter\u00adna\u00adtio\u00adnally. Today, 7days employs 240 people across four loca\u00adti\u00adons and is expec\u00adted to gene\u00adrate reve\u00adnues of over \u20ac40 million in 2020 \u2014 repre\u00adsen\u00adting a compound annual growth rate (CAGR) of 19% during Silver\u00adflee\u00adt\u2019s holding period. 7days is a certi\u00adfied member of amfori BSCI (Busi\u00adness Social Compli\u00adance Initia\u00adtive) \u2014 an initia\u00adtive aimed at impro\u00adving social stan\u00addards in value chains world\u00adwide \u2014 and is commit\u00adted to the BSCI Code of Conduct for Fair and Social Production.<\/p>\n
Silver\u00adfleet<\/strong> inves\u00adted in 7days from its mid-market fund in early 2018. Against the back\u00addrop of a highly frag\u00admen\u00adted health\u00adcare work\u00adwear market, Silver\u00adfleet saw great poten\u00adtial here for sustainable long-term growth and expan\u00adsion into new markets. Ther\u00ade\u00adfore, Silver\u00adfleet desi\u00adgned and imple\u00admen\u00adted a successful trans\u00adfor\u00adma\u00adtion and inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion stra\u00adtegy for 7days, as part of which the company acqui\u00adred Praxis Herning, a Danish provi\u00adder of medi\u00adcal work\u00adwear for the Scan\u00addi\u00adna\u00advian market, in Decem\u00adber 2018, signi\u00adfi\u00adcantly expan\u00adding its geogra\u00adphic reach. In addi\u00adtion, Silver\u00adfleet supported the company during its nearly three-year holding period in expan\u00adding its online sales chan\u00adnels and imple\u00admen\u00adting inter\u00adna\u00adtio\u00adnally reco\u00adgni\u00adzed, CSR-compli\u00adant procu\u00adre\u00adment and produc\u00adtion standards.<\/p>\n \u201cWe would like to take this oppor\u00adtu\u00adnity to thank Ulrich D\u00f6lken and Cars\u00adten Meyer, CEO and CFO of 7days, for the trustful coope\u00adra\u00adtion over the past years. 7days is a typi\u00adcal exam\u00adple of a Silver\u00adfleet invest\u00adment \u2014 a leading company in a niche market with compel\u00adling unique selling propo\u00adsi\u00adti\u00adons, an expe\u00adri\u00aden\u00adced manage\u00adment team and poten\u00adtial for trans\u00adfor\u00adma\u00adtion and opera\u00adtio\u00adnal impro\u00adve\u00adment as well as inter\u00adna\u00adtio\u00adnal expan\u00adsion. We are proud to have supported 7days on its growth trajec\u00adtory to date and in its trans\u00adfor\u00adma\u00adtion into a leading and inno\u00adva\u00adtive provi\u00adder of high quality and fashionable work\u00adwear for the health\u00adcare sector in Europe. We are plea\u00adsed to place 7days in such capa\u00adble hands as it conti\u00adnues on its growth path,\u201d said Joachim Braun, Part\u00adner at Silver\u00adfleet Capital.<\/p>\n \u201cWe have taken a number of important steps to further expand 7days\u2019 posi\u00adtion as a market leader, both orga\u00adni\u00adcally and through a stra\u00adte\u00adgic acqui\u00adsi\u00adtion. 7days has not only proven resi\u00adli\u00adent to crisis, parti\u00adcu\u00adlarly during the current COVID-19 pande\u00admic, but has also deli\u00advered sustained above-market growth,\u201d adds Benja\u00admin Hubner, Prin\u00adci\u00adpal at Silver\u00adfleet Capital.<\/p>\n \u201cIn recent years, we have been able to posi\u00adtion oursel\u00adves very well in the Euro\u00adpean market for medi\u00adcal work\u00adwear by impro\u00adving our online sales chan\u00adnels and deve\u00adlo\u00adping new custo\u00admer segments based on their indi\u00advi\u00addual requi\u00adre\u00adments. We were also able to expand into the Scan\u00addi\u00adna\u00advian market through a targe\u00adted stra\u00adte\u00adgic acqui\u00adsi\u00adtion. This would not have been possi\u00adble without the support of Silver\u00adfleet Capi\u00adtal, for which we would like to express our grati\u00adtude. With the support of our new part\u00adners Chequers Capi\u00adtal and Para\u00adgon Part\u00adners, we want to conti\u00adnue to achieve the highest custo\u00admer satis\u00adfac\u00adtion with high-quality work\u00adwear for medi\u00adcal profes\u00adsio\u00adnals in the future,\u201d say Ulrich D\u00f6lken and Cars\u00adten Meyer, CEO and CFO of 7days.<\/p>\n At Silver\u00adfleet, Joachim Braun and Benja\u00admin Hubner were respon\u00adsi\u00adble for the tran\u00adsac\u00adtion. The invest\u00adment company was advi\u00adsed on the tran\u00adsac\u00adtion by William Blair (M&A), PwC (Finan\u00adcial, Tax, ESG), Latham & Watkins (Tax), McDer\u00admott (Corpo\u00adrate Legal), Shear\u00adman & Ster\u00adling (Banking Legal) and goetz\u00adpart\u00adners (Commer\u00adcial).<\/p>\n About Silver\u00adfleet Capital<\/strong> Silver\u00adfleet Capi\u00adtal also main\u00adta\u00adins an invest\u00adment team focu\u00adsed on smal\u00adler middle-market compa\u00adnies that has alre\u00adady made two successful invest\u00adments: STAXS Conta\u00admi\u00adna\u00adtion Control Experts, a leading supplier of clean\u00adroom supplies in the Bene\u00adlux (closed in Janu\u00adary 2019), and Trust\u00adQuay, a leading provi\u00adder of trust and fund admi\u00adnis\u00adtra\u00adtion soft\u00adware for the trust and corpo\u00adrate services industry. About Chequers<\/strong> Our invest\u00adment stra\u00adtegy: compa\u00adnies with a value of \u20ac80 million to \u20ac500 million. Capi\u00adtal invest\u00adment of \u20ac40 million to \u20ac150 million per tran\u00adsac\u00adtion. Compa\u00adnies based in France, Germany, Italy, Bene\u00adlux count\u00adries, Switz\u00ader\u00adland and Spain. Acti\u00advity in the indus\u00adtrial, service and commer\u00adcial sectors. Wide range of tran\u00adsac\u00adtion types: MBO & LBO, indus\u00adtry conso\u00adli\u00adda\u00adtion, deve\u00adlo\u00adp\u00adment capi\u00adtal, owner\u00adship restruc\u00adtu\u00adring, spin-off, turn\u00adaround. As majo\u00adrity or mino\u00adrity share\u00adhol\u00adder in close coope\u00adra\u00adtion with manage\u00adment for a period of 5 to 10 years. www.chequerscpaital.com<\/p>\n","protected":false},"excerpt":{"rendered":" Munich, London, Paris \u2014 Silver\u00adfleet Capi\u00adtal, the pan-Euro\u00ad\u00adpean private equity firm, has signed an agree\u00adment to sell 7days to a consor\u00adtium of inves\u00adtors inclu\u00adding Chequers Capi\u00adtal and Para\u00adgon Part\u00adners. 7days is a provi\u00adder of work\u00adwear for medi\u00adcal profes\u00adsi\u00adons head\u00adquar\u00adte\u00adred in Germany. For Silver\u00adfleet Capi\u00adtal, the gross money multi\u00adple is 3.1x. Details of the tran\u00adsac\u00adtion, which [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":36255,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-43503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","news-category-deals-news-en","news-category-private-equity-news-en"],"yoast_head":"\n
\nSilver\u00adfleet Capi\u00adtal has been active as a private equity inves\u00adtor in the Euro\u00adpean mid-market for more than 30 years. The 31-strong invest\u00adment team works from Munich, London, Paris, Stock\u00adholm and Amsterdam.
\nNume\u00adrous invest\u00adments were made from the second inde\u00adpen\u00addent fund closed in 2015 with a volume of 870 million euros, inclu\u00adding: Coven\u00adtya, a French deve\u00adlo\u00adper of specialty chemi\u00adcals; Sigma Compon\u00adents, a manu\u00adfac\u00adtu\u00adrer of precis\u00adion compon\u00adents for civil avia\u00adtion based in the United King\u00addom; Life\u00adtime Trai\u00adning, a provi\u00adder of trai\u00adning programs based in the United King\u00addom; Pumpen\u00adfa\u00adbrik Wangen, a manu\u00adfac\u00adtu\u00adrer of specialty pumps based in Germany; Riviera Travel, an opera\u00adtor of escor\u00adted group tours and crui\u00adses based in the United King\u00addom; 7days, a German provi\u00adder of medi\u00adcal work\u00adwear, among others.<\/p>\n
\nSilver\u00adfleet achie\u00adves value growth by inves\u00adt\u00ading in compa\u00adnies in its core sectors that bene\u00adfit from speci\u00adfic, long-term trends. Silver\u00adfleet supports these compa\u00adnies in their future growth stra\u00adte\u00adgies. As part of these stra\u00adte\u00adgies, invest\u00adments are made in orga\u00adnic growth drivers, inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion, stra\u00adte\u00adgic acqui\u00adsi\u00adti\u00adons or opera\u00adtio\u00adnal impro\u00adve\u00adment proces\u00adses. Since 2004, Silver\u00adfleet Capi\u00adtal has inves\u00adted \u20ac2.1 billion in 32 companies.
\nSilver\u00adfleet specia\u00adli\u00adzes in four key indus\u00adtries: Busi\u00adness and Finan\u00adcial Services, Health\u00adcare, Manu\u00adfac\u00adtu\u00adring, and Retail and Consu\u00admer Goods.
\nSince 2004, the private equity inves\u00adtor has inves\u00adted 29% of its assets in compa\u00adnies head\u00adquar\u00adte\u00adred in the DACH region, 32% in the UK and Ireland, 21% in Scan\u00addi\u00adna\u00advia, 15% in France and Bene\u00adlux (includes an invest\u00adment sourced in Belgium and head\u00adquar\u00adte\u00adred in the US), and 3% in other count\u00adries. www.silverfleetcapital.com<\/p>\n
\nOrigi\u00adnally French subsi\u00addiary of the Char\u00adter\u00adhouse Group foun\u00added in Paris in 1972. Inde\u00adpen\u00addent since 2000 under the name Chequers Capi\u00adtal. 300 invest\u00adments made in Europe in just under 50 years. 2017 Closing of Chequers Capi\u00adtal XVII with a volume of \u20ac1.1 billion.<\/p>\n