PwC advises mattress manufacturer Hypnos in securing long term financing from IGF
PwC is pleased to have advised mattress manufacturer Hypnos as it secured a new asset-based lending facility from Independent Growth Finance (IGF), which will provide the business with a platform to capitalise on growth and development opportunities in the UK and internationally.
Renowned for its quality craftmanship in handcrafting traditional pocket sprung beds and upholstery, Hypnos has a rich 120-year heritage supplying bespoke beds for both the retail and hospitality markets.
John Savage, ABL Director at IGF, commented:
“With a strong legacy and a clear vision for the future, Hypnos is in a great position for its next phase of growth. We’re proud to support such an iconic British brand with a flexible asset-based lending (ABL) facility, designed to scale and adapt alongside their evolving growth plans.”
The refinancing follows a period of strategic change in the business over the last two years with significant investment in new IT infrastructure, a new logistics partner for a more sustainable delivery service and the exit from five operating sites. Together these changes will see the business focus on its core and historical specialism of handcrafted mattress and bed making through a more efficient and sustainable operating model.
David Baldry, Hypnos group MD said:
“This is an extremely positive start to 2025 for the team at Hypnos, supporting our ambitious goals for future growth. The company still has some optimisations to make and we will continue to evolve with business and market needs, however we now have a secure operational and financial foundation for growth over the coming decades.”
James Keen, Hypnos CEO said:
“Having just celebrated our 120th year, Hypnos is now well-positioned for growth – I am excited to work with the team to deliver our next chapter as a great British brand.”
PwC’s Debt & Capital Advisory team advised on the deal, led by Emma Lister, with support from Richard Davies, Alex Retamal and Emily Stansfield.
Emma Lister commented:
“We are delighted to have supported Hypnos with this successful refinancing. This transaction highlights the importance of the Asset Based Lending market in providing flexible financing solutions for businesses that sit at the heart of UK craftsmanship.”
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