Sale to Victoria PLC
Baird served as financial advisor to Keraben Grupo S.A. on this transaction
AboutKeraben Grupo S.A. (“Keraben” or the “Company”), a portfolio company of Tensile Capital Management LLC (“Tensile”), was recently acquired by Victoria PLC (“Victoria”) (LSE:VCP).
Keraben is a leading European supplier of branded mid-to-high end ceramic wall and floor tiles. Keraben serves a growing network of specialist retailers and has an increasing presence in the DIY channel. The Company is primarily focused on the residential remodeling market, with additional sales into the growth-orientated commercial and hospital segments. Keraben is headquartered in Castellon, Spain.
Tensile is an investment fund focused on making long-term investments in private and public companies, offering stability through a partnership horizon of up to ten years. Tensile is headquartered in San Francisco, California.
Victoria is an international manufacturer and distributor of flooring products. Victoria designs, manufactures and distributes a range of carpet, underlay, artificial grass and flooring accessories. In addition, it markets and distributes a range of complementary luxury vinyl tile and hardwood flooring products produced by third-party manufacturers. Victoria has operations in the UK United Kingdom, the Netherlands and Australia and employs approximately 1,800 people across 17 sites. Victoria is headquartered in Kidderminster, the United Kingdom.
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- November 2017
- Keraben Grupo S.A.
- Target Location
- North America
- Acquiror Location