Calera Capital is pleased to announce the pending full realization of its original investment in HMK Mattress Holdings LLC ("Sleepy's"), a portfolio company of Calera Capital Partners IV ("Fund IV").

In consideration for the sale of Sleepy's to Mattress Firm, Inc. ("MFRM") on February 5, 2016, Fund IV and its related co-investors received a combination of cash and shares of Mattress Firm common stock.

On August 8, 2016, Mattress Firm announced that it entered into a definitive merger agreement with Steinhoff International Holdings N.V. to be acquired at a price of $64.00 per share, subject to the successful consummation of a cash tender offer and other closing conditions.  This price is a 79% premium to the value of the shares received by Fund IV in the original transaction.

Click here to view the Mattress Firm press release announcing the transaction.