Corporate Report: April 20


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  • | 10:42 p.m. April 19, 2012
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Texas' Mattress Firm
buying Mattress Giant stores

Mattress Firm Inc., an indirect subsidiary of Houston-based Mattress Firm Holding Corp., agreed to buy all the remaining shares of Mattress Giant for roughly $47 million in cash minus working capital and other unspecified adjustments.

Mattress Firm, which purchased 55 Mattress Giant stores last year, is set to acquired another 180 stores in Texas and Florida, including a large number along the Gulf Coast.

The company agreed to acquire MGHC Holding Corp. from FS Equity Partners V L.P., FS Affiliates V L.P., Carlyle Mezzanine Partners, L.P., BlackRock Kelso Capital Corp., AEA Mezzanine (Unleveraged) Fund LP, AEA Mezzanine Fund LP, AEA Mezzanine Funding LLC, AEA Mezzanine Funding B LLC, Michael Glazer, Elaine Crowley and Dan Younkman.

 

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