Epiris Fund II, advised by Epiris LLP, has agreed to acquire Sharps, the UK’s leading supplier of fitted bedroom furniture. On completion, which is subject to regulatory consent and expected to take place by the end of September, this will be Fund II’s eighth investment. Financial terms are not being disclosed.
Sharps sells direct to consumers with a programme of online, TV and print advertising and a small network of showrooms. Its products, designed to optimise the use of space in each customer’s home, are manufactured in a purpose-built facility in Bilston in the West Midlands and fitted by a nationwide base of installers.
This year the business, led by Chief Executive Kevin Smith, expects to install its furniture in over 25,000 homes across the UK.