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Cases & Deals

February 11, 2015

King & Spalding Acts on Buyout of Sofa Brands International

LONDON, February 11, 2015 — King & Spalding advised private equity firm Promethean Investments in relation to the purchase of leading UK sofa company Sofa Brands International (SBI).

Promethean Investments – a private investment firm established and chaired by former Bank of Scotland chief executive Sir Peter Burt – led the deal for a group of investors and SBI’s management team, which purchased the business from a consortium that included Barclays and Merrill Lynch.

SBI is a leading UK sofa group that is best known for its Parker Knoll, Duresta and G Plan brands. The company also offers its products through major retailers, including John Lewis, House of Fraser and Harrods.

A team from King & Spalding’s London office represented Promethean Investments on the transaction. The team was led by corporate partner William Charnley and included Susanna Beard (associate) and Ilan Kotkis (senior associate).

About King & Spalding
Celebrating more than 125 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 800 lawyers in 17 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality and dedication to understanding the business and culture of its clients. More information is available at