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Clifford Chance advises Teslin Participaties on the intended recommended all-cash public offer by Torqx for all shares in Beter Bed Holding

10 July 2023

Clifford Chance advises Teslin Participaties on the intended recommended all-cash public offer by Torqx for all shares in Beter Bed Holding

International law firm Clifford Chance has advised its long-standing client Teslin Participaties, as long-term and dedicated shareholder, on the intended recommended all-cash public offer of €6.10 per share for all shares in Beter Bed Holding, initiated by Benelux investment firm Torqx Capital Partners. The transaction is supported by Beter Bed Holding's three largest shareholders, including Teslin Participaties, who will, at the request of Torqx, re-invest in Beter Bed Holding after successful completion of the Offer.

Beter Bed Holding is the Netherlands’ largest sleep specialist in retail, wholesale and B2B, and is listed on Euronext Amsterdam. The transaction is subject to customary pre-offer conditions and offer conditions. Read more about it here.

The Clifford Chance deal team consists of Jan-Hendrik Horsmeier, Tim Heerschop and Robin Traas. Other Clifford Chance team members involved are Dirk-Jan Duynstee, Tiemen Drenth, Serkan Özel and Sabrina Spoor.