Harris Williams Advises Chequers Capital on its Acquisition of 7days

·4 min read

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Chequers Capital on its acquisition of 7days, a portfolio company of Silverfleet Capital (Silverfleet). 7days is a leading direct-to-consumer supplier of fashionable workwear for medical professionals. The transaction was led by professionals from the Harris Williams Consumer Group, including Andreas Poth and Konstantin Molinari of the firm’s Frankfurt office, Ed Arkus of the firm’s London office and Corey Benjamin of the firm’s Richmond office.

"7days experienced robust growth under Silverfleet’s and management’s ownership and has proven itself to be a very stable and resilient platform with an international customer base and multiple avenues to grow," said Andreas Poth, a director at Harris Williams. "The workwear sector has gained a lot of investor attention over the last few years due to its growing end-markets and high adoption rates."

"Combining the expertise of our colleagues in Frankfurt, London and the U.S. allowed us to provide tailored, strategic advice to Chequers Capital," added Ed Arkus, a managing director at Harris Williams. "We believe this transaction resulted in a fantastic outcome for all parties and we are excited to watch 7days continue to evolve under its new ownership."

Created in 1973, Chequers Capital is one of the oldest private equity investors in Europe. It is an independent company which manages around €2 billion and is one of the leading players of mid cap private equity investments in Europe with a team of 20 investment professionals. Chequers Capital invests in industry, services and retail companies as well as in global companies that have strong international development potential.

7days was founded in 1999 in Lotte, Germany. Today, the company is a leading supplier of modern and innovative workwear for medical professionals. 7days designs, produces and distributes a wide range of high-quality workwear, from tunics to lab coats, for more than 300,000 customers in the healthcare sector in 12 countries, including Germany, Austria, Switzerland, France, Belgium, the Netherlands and Scandinavia. 7days has a vertically integrated business model with diversified supply chains and distributes its products through a fully integrated multi-channel distribution platform, including both catalog marketing and e-commerce channels. This has enabled the company to achieve consistent growth in its German home market and internationally.

Established in 1985, Silverfleet has been an active investor in the middle market for over 30 years, specializing in businesses with an enterprise value of €25 million to €300 million. Its five European locations give its portfolio companies global reach and true local expertise with an agile, one-team approach.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Consumer Group has completed more than 60 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on the Harris Williams Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

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