Canadian private equity firm Novacap has invested in Owen & Co Ltd, which operates as Kingsdown Canada, a Toronto-based manufacturer and seller of mattresses and bedding products. No financial terms were released. Founded in 1904, Kingsdown operates out of three manufacturing facilities in Canada and sells its products to furniture retailers, department stores, specialty businesses and hotel chains across North America. Novacap Senior Partner Marc Paiement said the investor will work with Kingsdown’s management, led by President and CEO Michael James, to drive growth in existing markets and expand into new markets.
NOVACAP Announces Partnership with Kingsdown Canada (Owen & Company Limited)
Toronto, Ontario, June 05, 2017 – NOVACAP, a Canadian leader in private equity, today announced a partnership with Owen & Company Limited (“Kingsdown Canada”), a leading mattress manufacturer. Financial terms of the transaction were not disclosed.
Headquartered in Toronto, Ontario, Kingsdown Canada manufactures and sells luxury hand-crafted mattresses to national furniture retailers, department stores, independent specialty businesses and hotel chains throughout North America. Kingsdown Canada manufactures both branded and private label products, all of which are proudly made in Canada.
“We are very excited to be partnering with NOVACAP’’, said Michael James, President and CEO of Kingsdown Canada. “We selected them because of their operational expertise and successful track record. We believe that the Novacap team will provide invaluable support to our company as we enter our next stage of growth. “
Marc Paiement, Senior Partner at Novacap said, “Kingsdown is a Canadian success story and represents many of the elements we look for in an investment, including partnering with a proven management team and investing in companies with tremendous growth potential. We look forward to working with the team to drive the Company’s growth within its existing markets as well as its expansion into new markets.”
About Kingsdown Canada (Owen & Company Limited)
Founded in 1995, Kingsdown Canada operates out of three manufacturing facilities strategically located across Canada in Toronto, Calgary and Vancouver. The Company, which is supported by a highly experienced and talented management team, benefits from well-established, long-term customer relationships with Canada’s largest mattress retailers. Kingsdown Canada is an industry leader in sleep innovation and holds numerous patents for its products.
Founded in 1981, NOVACAP is a leading Canadian private equity firm with over $1.6 billion of assets under management. The firm’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, NOVACAP is well positioned to continue building world-class companies. For more information, visit www.novacap.ca.
For additional information, please contact:
Senior Advisor – Communications & marketing
450 651-5000, ext. 225
Photo courtesy of Kingsdown Canada