Houlihan Lokey Advises Kingsdown

Houlihan Lokey’s Consumer Group is pleased to announce that Kingsdown, a North American leader in handcrafted luxury sleep solutions and a portfolio company of Novacap, has received a passive minority investment from Somnigroup International Inc. (NYSE:SGI) (Somnigroup), the global parent of Tempur Sealy International and Mattress Firm.

Founded in 1904, Kingsdown is one of North America’s most respected sleep brands, known for its handcrafted mattresses and diagnostic sleep systems. With operations across the United States, Canada, and international markets, Kingsdown products reflect a unique balance of artistry and science, delivering premium comfort backed by deep sleep research.

Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle-market and lower-middle-market companies in four core sectors: technologies, digital infrastructure, industries, and financial services. Novacap combines deep sector-specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With more than US$11 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution.

Somnigroup is the world’s largest bedding company, dedicated to improving people’s lives through better sleep. With superior capabilities in design, manufacturing, distribution, and retail, the company delivers breakthrough sleep solutions and serves the evolving needs of consumers in more than 100 countries through its fully owned businesses: Tempur Sealy, Mattress Firm, and Dreams. Its portfolio includes some of the most recognized brands in the industry, including Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy’s. Somnigroup’s global omnichannel platform enables it to connect with consumers wherever they shop, offering innovative, tailored sleep solutions and exceptional retail experiences.

Houlihan Lokey served as the exclusive financial advisor to Kingsdown and assisted in structuring and negotiating the transaction on its behalf. This deal represents another successful transaction for Houlihan Lokey in the household products sector.

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