Lynx Equity acquires British furniture dealership Day 2


Photo courtesy of Day 2 Interiors Ltd
Photo courtesy of Day 2 Interiors Ltd

Canadian private equity firm Lynx Equity has acquired Day 2 Interiors Ltd, a London-based office furniture dealer and commercial furniture scheme consultant. No financial terms were released. Founded in 2001 by Managing Director Jim Meier, Day 2 manages every stage of the interior furnishing process for a wide range of organizations. Meier will remain with the company for at least five years following the change in ownership. Day 2 is Lynx’s third acquisition in the United Kingdom. The investor’s first two British deals, closed last year, were Label Express Ltd and Signalhome Ltd.

PRESS RELEASE

Lynx Equity Limited is pleased to announce the acquisition of London, UK’s Day 2 Interiors Limited, an award-winning office furniture dealer and commercial furniture scheme consultant

17 May

Toronto, ON/ London, UK – Lynx Equity Limited is pleased to announce the acquisition of London, UK’s Day 2 Interiors Limited, an award-winning office furniture dealer and commercial furniture scheme consultant. Since 2001, Day 2 has expertly managed every stage of the interior furnishing process, from planning and specification through to the supply and installation of furniture, as well as providing training in the correct use of specialist equipment and other avenues of after sales support. The Company’s management team boasts highly skilled and experienced designers, contributing to Day 2 having been awarded ‘Furniture Supplier of the Year’ by Mix Magazine’s Mixology Awards, three years running. Day 2’s reputation has resulted in strong working relationships with dozens of high-profile clients from the Fortune 500 and FTSE100.

“We are very excited to welcome the Day 2 team to Lynx. Jim has displayed tremendous integrity throughout the transaction, and we are extremely confident that this is the beginning of a fantastic working relationship,” commented Sophie Jaubert, Lynx Equity’s Vice President.

Jim Meier, founder and President of Day 2, will remain with the Company for at least five years following the change in ownership, subsequently ensuring a smooth transition for employees and customers alike.

“I have been evaluating several options for the next chapter in the Day 2 story, and the Lynx team and company ethos have stood head and shoulders above the others,” commented Jim Meier, founder and President of Day 2. “The biggest asset at Day 2 is the people, we have all grown together, and I see the same mindset and culture at Lynx, so I think this is the perfect fit for helping Day 2 to even greater heights and I am personally very excited about the future.”

Lynx’s European portfolio currently includes UK’s Signalhome and Label Express as well Copenhagen-based PartnerService, all of which were acquired in 2017. Lynx continues to pursue acquisition opportunities across North America and Europe.

The transaction was facilitated by Benchmark International, with buy-side legal and accounting due diligence from Shoosmiths and Mazars, respectively.

About Day 2 Interiors Limited

Day 2 is one of London’s leading furniture dealerships, providing consultancy, procurement and installation services to organisations of all shapes and sizes. Day 2 is committed to providing tailored services for every client, and places emphasis on innovation, integrity and the highest level of customer service.

For further information on Day 2, please visit www.day2.co.uk

About Lynx Equity Limited

With sales in excess of $400M CAD, Lynx Equity Limited is a Toronto-based diversified private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets acquisitions of companies with EBITDA between $750k – $2M USD and utilizes a buy and hold strategy.

For further information on Lynx Equity, please visit www.lynxequity.com

For press inquiries, please contact:

Ashley Manis, Director of Marketing

E:[email protected]

T: +1 416 454 3782

Do you want exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more? Get your FREE trial to Buyouts! Or subscribe now!