CBPE purchases sofa.com

CBPE will support sofa.com's plans to open new showrooms across the UK over the next five years.

Company
Established in 2005, sofa.com is a multi-channel retailer of sofas, armchairs and beds. The company controls its supply chain, from manufacturing to delivery.

In the year ending in February 2014, sofa.com reported EBITDA of £5.3m on sales of £20.2m.

People
Gareth Williams is CEO of sofa.com. The deal was led by Anne Hoffman, Jolyon Latimer, Naveen Passi and Rob McCombie of CBPE.

Former Mappin & Webb boss Justin Stead has been named as the company's new chairman.

Advisers
Company - Altium, Christopher Jones (Corporate finance).

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• Topics
• UK / Ireland
• Buyouts
• Consumer
• Close Brothers Private Equity (CBPE)