Frankfurt, Germany–(BUSINESS WIRE) – Harris Williams, a global investment bank specializing in M&A advisory, announces that it has advised Checkers Capital on the acquisition of 7days, a portfolio company of Silverfleet Capital (Silverfleet). 7days is a leading direct-to-consumer provider of fashionable workwear for healthcare professionals. The transaction was led by Harris Williams Consumer Group professionals including Andreas Poth and Konstantin Molinari of the company’s Frankfurt office, Ed Arkus of the company’s London office and Corey Benjamin of the company’s Richmond office.
“7days has seen robust growth under the ownership and management of Silverfleet and has proven to be a very stable and resilient platform with an international customer base and numerous opportunities for growth,” said Andreas Poth, director at Harris Williams. “The workwear sector has received a lot of attention from investors in recent years due to its growing end markets and high adoption rates.”
“By combining the expertise of our colleagues in Frankfurt, London and the USA, we were able to offer Checkers Capital tailor-made, strategic advice,” adds Ed Arkus, Managing Director at Harris Williams. “We believe this transaction has produced fantastic results for all parties and we look forward to seeing 7days develop under its new owner.”
Checkers Capital was founded in 1973 and is one of the oldest private equity investors in Europe. It is an independent company that invests around 2 billion Checkers Capital in industrial, service and retail companies as well as in global companies with strong international development potential.
7days was founded in 1999 in Lotte, Germany. Today the company is a leading supplier of modern and innovative workwear for medical professionals. 7days designs, produces and sells a wide range of high-quality workwear, from tunics to lab coats, for more than 300,000 customers in the healthcare sector in 12 countries, including Germany, Austria, Switzerland, France, Belgium, the Netherlands and Scandinavia. 7days has a vertically integrated business model with diversified supply chains and sells its products through a fully integrated multi-channel sales platform that includes both catalog marketing and e-commerce channels. This enabled the company to grow consistently in its home market of Germany and internationally.
Silverfleet was founded in 1985 and has been an active investor in medium-sized companies for over 30 years, specializing in companies with an enterprise value of 25 to 300 million euros. Its five European locations give its portfolio companies global reach and real local expertise with an agile one-team approach.
Harris Williams, an investment bank specializing in M&A advisory, supports sellers and buyers of companies around the world on critical milestones and advises them carefully throughout their business lives. By working as one company across industry groups and regions, the company helps its customers achieve results that support their goals and create strategic value. Harris Williams is committed to excellence in executing and building lasting, appreciative relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams Consumer Group has completed more than 60 transactions in a variety of industries over the past several years, including branded consumer goods; Consumer services; Food, beverage and agricultural industries; as well as catering and retail. For more information about the Harris Williams Consumer Group and other recent transactions, please visit the Consumer Group section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited liability company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the Commercial Register of the Local Court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Directors / Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trading name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH do business.