Vantage Capital , Africa’s largest mezzanine debt fund manager has fully exited its investment in Dynamic Bedding, a leading South African specialist bed manufacturer and retailer. The company has been acquired by Vuna Partners, a black-empowered private equity fund manager, together with senior management.
Founded in 1994, the company manufactures a wide range of bed bases and mattresses from its facility in Krugersdorp just outside Johannesburg, and distributes its products to a nationwide network of 106 retail stores around Southern Africa operating under The Bed Shop brand.
David Kornik, Partner at Vantage Capital who served as chairman of Dynamic Bedding, noted, “it has been a rewarding journey working closely with the senior management team to unlock the potential of the business. Dynamic Bedding has always set itself apart from the competition with its affordable, high-quality product range and its nationwide network of proprietary retail stores. It was…
