DFS, the UK-listed furniture retailer, has sold The Sofa Workshop Ltd to the Halo Creative group, operating under the Timothy Oulton brand.
BDO supported DFS and Sofa Workshop throughout the transaction to ensure the best outcome was achieved for both parties, as well as undertaking a technical balance sheet evaluation to support the successful completion of the sale.
“We are delighted to have been able to support both DFS and Sofa Workshop in the successful conclusion of this transaction. Despite current headwinds in the wider consumer sector, there remain significant opportunities for successful brands to develop and grow, and we look forward to seeing how Sofa Workshop progresses as part of the Halo/ Timothy Oulton brand”
Laura McNaughton, M&A Partner, BDO
“BDO were invaluable in delivering what was a complex and technically-challenging transaction. Laura and the team were always on hand and proactive in managing all aspects of the deal, providing significant support to the DFS team, which enabled us to focus on the day job.”
Harvey Ainley, Chief Operating Officer, DFS Group