Citic Capital buys stake in Chinese mattress maker

Citic Capital Partners has acquired a controlling stake in Chinese mattress maker and retailer King Koil Shanghai Sleep System.

Citic Capital buys stake in Chinese mattress maker

Private equity firm Citic Capital Partners said on Monday it has acquired a controlling stake in Chinese mattress maker and retailer King Koil Shanghai Sleep System. 

The investment was made through Citic Capital China Partners II, L.P., its second China-focused buyout fund. Citic Capital Partners is the private equity arm of Citic Capital Holdings.

Shanghai-based King Koil sells mattresses to hotels and retail customers and is the exclusive licensee...

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