Toronto-based Lynx Equity Limited has acquired Day 2 Interiors Limited, an award-winning office furniture dealer and commercial furniture scheme consultant in London.
Established in 2001, Day 2 Interiors has grown to become one of London's most successful furniture dealerships and manages every stage of the interior furnishing process, from planning and specification through to the supply and installation of furniture, as well as providing training in the correct use of specialist equipment and other avenues of after sales support.
Day 2's clients include dozens of high-profile companies from the Fortune 500 and FTSE100.
Jim Meier, founder and President of Day 2, will remain with the Company for at least five years following the change in ownership, subsequently ensuring a smooth transition for employees and customers alike.
Sophie Jaubert, Lynx Equity's Vice President, said:
"We are very excited to welcome the Day 2 team to Lynx. Jim has displayed tremendous integrity throughout the transaction, and we are extremely confident that this is the beginning of a fantastic working relationship."
Jim Meier, founder and President of Day 2, said:
"I have been evaluating several options for the next chapter in the Day 2 story, and the Lynx team and company ethos have stood head and shoulders above the others. The biggest asset at Day 2 is the people, we have all grown together, and I see the same mindset and culture at Lynx, so I think this is the perfect fit for helping Day 2 to even greater heights and I am personally very excited about the future."
Kyri Papantoniou, Partner and Head of Corporate at Mayfair law firm Fletcher Day, who advised the selling shareholders of Day 2 Interiors Limited said:
"The shareholding team at Day 2 felt that the opportunity to join the Lynx group portfolio of companies was the most strategic option for the future growth of the business and a fantastic deal has been reached with all parties. I'm confident, with the support of Lynx behind them, the business will continue to flourish well into the future."
Lynx's European portfolio currently includes UK's Signalhome and Label Express as well Copenhagen-based PartnerService, all of which were acquired in 2017. Lynx continues to pursue acquisition opportunities across North America and Europe.
The transaction was facilitated by Benchmark International, with buy-side legal and accounting due diligence from Shoosmiths and Mazars, respectively.