Harris Williams Advises Chequers Capital on its Acquisition of 7days
February 25 2021 - 9:30AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Chequers Capital on
its acquisition of 7days, a portfolio company of Silverfleet
Capital (Silverfleet). 7days is a leading direct-to-consumer
supplier of fashionable workwear for medical professionals. The
transaction was led by professionals from the Harris Williams
Consumer Group, including Andreas Poth and Konstantin Molinari of
the firm’s Frankfurt office, Ed Arkus of the firm’s London office
and Corey Benjamin of the firm’s Richmond office.
“7days experienced robust growth under Silverfleet’s and
management’s ownership and has proven itself to be a very stable
and resilient platform with an international customer base and
multiple avenues to grow,” said Andreas Poth, a director at Harris
Williams. “The workwear sector has gained a lot of investor
attention over the last few years due to its growing end-markets
and high adoption rates.”
“Combining the expertise of our colleagues in Frankfurt, London
and the U.S. allowed us to provide tailored, strategic advice to
Chequers Capital,” added Ed Arkus, a managing director at Harris
Williams. “We believe this transaction resulted in a fantastic
outcome for all parties and we are excited to watch 7days continue
to evolve under its new ownership.”
Created in 1973, Chequers Capital is one of the oldest private
equity investors in Europe. It is an independent company which
manages around €2 billion and is one of the leading players of mid
cap private equity investments in Europe with a team of 20
investment professionals. Chequers Capital invests in industry,
services and retail companies as well as in global companies that
have 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 distributes 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 distributes its
products through a fully integrated multi-channel distribution
platform, including both catalog marketing and e-commerce channels.
This has enabled the company to achieve consistent growth in its
German home market and internationally.
Established in 1985, Silverfleet has been an active investor in
the middle market for over 30 years, specializing in businesses
with an enterprise value of €25 million to €300 million. Its five
European locations give its portfolio companies global reach and
true local expertise with an agile, one-team approach.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including branded consumer products; consumer services; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer Group’s 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 private limited
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:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries, please contact Julia Moore at
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