Dutch lifestyle products retailer Fatboy is working with financial advisor Lincoln International to launch a sale process which is expected to be supported by a financing package, sources told Reorg. Continue reading for our EMEA Middle Market team's update on Fatboy's sale process, and request a trial for access to our analysis and reporting on hundreds of other stressed, distressed and performing credits.
The Vendis Capital-backed company is marketed off an EBITDA of €10 million, sources said. The sale process is in its early stages and sponsors have been approached to test interest, sources added.
Fatboy generated revenue of €13.8 million in 2019 and reported an operating result of €2.4 million, according to its latest available report.
Dutch consumer sector focused private equity investor Vendis Capital acquired
a majority stake in Fatboy in 2017 and partnered with the group’s management to launch a growth plan.
The company was founded in 2002 by Alex Bergman and is headquartered in Den Bosch, the Netherlands. It markets lifestyle products such as bean bags, chairs and lighting.
Lincoln International declined to comment. Vendis Capital and Fatboy did not reply to Reorg’s request for comment.
--Lucía Camblor, Lara Gibson