Alteri Investors’ Acquisition of Bensons for Beds


Fried, Frank, Harris, Shriver & Jacobson advised Alteri Investors on the deal.

Alteri Investors, the specialist investor in European retail backed by funds managed by affiliates of Apollo Global Management, Inc. executed the acquisition of the Bensons for Beds business through a pre-packaged administration.

Founded as a general store in 1950 by Cyril Benson, Bensons for Beds is Britain’s largest bed retailer specialising in beds, mattresses and bedroom furniture. On 30 June 2020, Bensons for Beds went into administration, but Alteri immediately bought it back, aiming to save between 150 and 175 of the chain’s 242 stores, its Huntingdon manufacturing operation, and nearly 1,900 jobs.

The Fried Frank team advising Alteri Investors was led by restructuring and insolvency partner Ashley Katz (Picture) and included corporate partner Dan Oates; finance partner Neil Caddy; regulatory partner Gregg Beechey; real estate partner Patrick Williams; tax partner Nick Thornton; intellectual property partner Amir Ghavi; intellectual property counsel Jan Petersen; restructuring and insolvency associates Imran Aslam and Amy Faraday; corporate associates Hannah Luqmani and James Frecknall; finance associate Jacqueline Punjabi; regulatory associate Nishkaam Paul; real estate associate Joseph Patchitt; tax associate Tom Bramall; and intellectual property associate Kimberley Barr.

Involved fees earner: Imran Aslam – Fried Frank Harris Shriver & Jacobson; Kimberley Barr – Fried Frank Harris Shriver & Jacobson; Gregg Beechey – Fried Frank Harris Shriver & Jacobson; Thomas Bramall – Fried Frank Harris Shriver & Jacobson; Amy Faraday – Fried Frank Harris Shriver & Jacobson; James Frecknall – Fried Frank Harris Shriver & Jacobson; Amir Ghavi – Fried Frank Harris Shriver & Jacobson; Ashley Katz – Fried Frank Harris Shriver & Jacobson; Hannah Luqmani – Fried Frank Harris Shriver & Jacobson; Neil Caddy – Fried Frank Harris Shriver & Jacobson; Dan Oates – Fried Frank Harris Shriver & Jacobson; Joseph Patchitt – Fried Frank Harris Shriver & Jacobson; Nishkaam Pau – Fried Frank Harris Shriver & Jacobson; Jan Thomas Petersen – Fried Frank Harris Shriver & Jacobson; Jacqueline Punjabi – Fried Frank Harris Shriver & Jacobson; Nick Thornton – Fried Frank Harris Shriver & Jacobson; Patrick Williams – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Alteri Investors;