Transaction Details

February 9, 2015
London

Sector

Consumer, Retail, E-commerce and Leisure, Digital Media and Media

Deal Type

M&A

Deal Value

N/D

Deal Team

Christopher Jones, Laura Meaden

sale of sofa.com to CBPE Capital

GCA Altium has advised on the sale of sofa.com to private equity firm CBPE Capital. sofa.com was founded in 2006 and has become a disruptive force in the furniture sector, providing high-quality sofas, armchairs and beds at exceptional value for money with best-in-class customer service. The business enjoys a virtuous online-led business model, enabling it to achieve over £20m revenue and in excess of £5m EBITDA with just a single physical showroom in London.

sofa.com recently opened a state of the art manufacturing facility in Poland, and as a result it now owns and controls all elements of the value chain from manufacturing through to delivery.

This deal is the latest of several high-profile transactions for GCA Altium, following the completion in January of the £300m sale of Italian restaurant chain Prezzo plc to global private equity fund TPG.

Rohan Blacker, co-founder of sofa.com, said: “We chose GCA Altium as corporate finance advisors from a field of four, and it was an easy decision to make – they clearly knew what they were talking about, had a very thorough approach and understanding of the market, and obviously cared passionately about what they did. The GCA Altium team were as professional, diligent and prudent as anyone could have ever wished for – they never lost momentum, commitment or enthusiasm. Working with GCA Altium has been a pleasure – they guided us intelligently over the bumps, and achieved an excellent result. In the future it would not even occur to me to work with anyone else. Thank you.”

Christopher Jones, Managing Director at GCA Altium, said: “We are delighted to have advised the shareholders of sofa.com on this transaction. sofa.com is a fantastic brand that has shaken up the soft furnishings sector with its innovative and disruptive business model. It has been a pleasure to work with the team at sofa.com and we are sure the business will continue to flourish under CBPE’s ownership. This transaction is the latest in a long line of successful eCommerce transactions for GCA Altium and reinforces our status as Europe’s leading corporate finance advisor in the sector.”

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