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.

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 of brands such as “King Koil”, “Aireloom”, and “Life Balance” in China.

“King Koil is a leading player in the premium mattress segment with strong brand recognition and a highly-skilled management...

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