The largest mezzanine loan fund manager in Africa, Vantage Capital, has completely sold its interest in Dynamic Bedding, a well-known South African producer and supplier of specialty beds.
Senior management and Vuna Partners, a private equity fund manager with black empowerment, have acquired the business. The 1994-founded business produces a wide selection of bed bases and mattresses at its plant in Krugersdorp, a suburb of Johannesburg, and distributes its goods to a regional network of 106 retail locations that operate under the The Bed Shop name throughout Southern Africa.
The chairman of Dynamic Bedding, David Kornik, a partner at Vantage Capital, said, “It has been a great experience working closely with the senior management team to unlock the potential of the firm. The business is now on a strong growth trajectory and is looking to continue opening more stores to fulfill ever-growing demand for its products.