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Broadfield has advised the British luxury mattress manufacturer Hypnos Beds on a new asset-based lending facility providing a firm foundation for future growth.
The 120-year-old mattress manufacturer builds and supplies bespoke handcrafted beds and mattresses for the retail and hospitality markets. The company has seen strong demand for its products in the UK, US, Europe, the Middle East and South Korea.
The asset-based lending facility, provided by Independent Growth Finance, will see Hypnos invest in new IT infrastructure, logistics partners and a more sustainable delivery service.
Broadfield’s team provided banking and finance advice and was led by Banking Partner John Barker and Corporate Solicitor Katie Higgs in Reading. Accountants PwC also advised Hypnos.
“Hypnos is a terrific family business with a stellar reputation for its luxury beds and mattresses for over five generations. Asset-based lending provides a flexible financing route for businesses to grow and expand and we are thrilled to have played a part in its continued journey.”
John Barker
Partner
“We have just celebrated our 120th anniversary and thanks to Broadfield, PwC and Independent Growth Finance are well placed to grow and lead our industry sector as we deliver the next chapter of this great British brand.”
David Baldry
Group Managing Director, Hypnos Beds
