Relevant Document:
2019 Results
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.
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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