September 16, 2016
J.W. Childs Exits Mattress Firm

We are pleased to announce that J.W. Childs has fully exited its investment in Mattress Firm through the sale of the company to Steinhoff International for $64 per share representing a $3.8 billion enterprise value.

J.W. Childs acquired Mattress Firm in January 2007 and pursued an aggressive expansion of the business through new store development and strategic acquisitions. Our investment thesis envisioned the opportunity to become the first national mattress retailer and we accomplished this through a ten-fold growth in store units during our ownership.

We enjoyed our nearly decade-long partnership with Mattress Firm management and look forward to watching their continued success.