Harris Williams, a global investment bank focused on M&A advisory services, advised Chequers Capital on its acquisition of 7days, a direct-to-consumer supplier of workwear for medical professionals. 7days is a portfolio company of Silverfleet Capital.
The transaction was led by Andreas Poth and Konstantin Molinari of the Harris Williams’ Frankfurt office, as well as Ed Arkus of the firm’s London office and Corey Benjamin of the firm’s Richmond, VA, 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,” Poth, director at Harris Williams, said. “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,” Ed Arkus, a managing director at Harris Williams, said. “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 a private equity investor in Europe.
7days was founded in 1999 in Lotte, Germany and supplies medical professional workwear for more than 300,000 customers in the healthcare sector in 12 countries, including Germany, Austria, Switzerland, France, Belgium, the Netherlands and Scandinavia.
