DFS Furniture £59 million Sale of Ordinary Shares, UK

9 February 2017

To find out more, Contact STJ Advisors

STJ Advisors acted as independent advisor to Advent International on its fourth follow-on equity offering of shares in DFS Furniture plc, the leading retailer of upholstered furniture in the UK, via an underwritten accelerated bookbuilding process, raising c. GBP 58.5 million. The sale priced at a very tight 1.3% discount to latest share price, the tightest discount achieved in a UK follow-on for the past 8 months. This latest transaction completes Advent’s sale of its DFS Furniture investment; STJ Advisors advised on the company's IPO and all 4 subsequent sell-downs.

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