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Riverside exits furniture maker Thibaut after eight years

24 Jun 2014

thibaultPrivate equity firm The Riverside Company has exited its stake in wallpaper, fabric and furniture manufacturer Thibaut after a holding period of eight years.

Riverside backs Thibaut in 2006 and the company has since seen its EBITDA more than double as revenues increased by more than 50 per cent.

The firm backed Thibault for the add-on acquisition of London-based Anna French, which diversified core products, and helped it launch a new product, Thibaut Fine Furniture.

Riverside partner Jack Nestor said, “This sale is the culmination of a very successful eight-year partnership with Thibaut CEO Bob Senior and his talented management team.

“Thibaut is well-positioned for continued growth in the future as one of the most innovative and well-respected designers in the high-end wallpaper and fabric industry.”

Riverside’s other recent exits include the sale of Australian fast food group Retail Zoo to fellow private equity firm Bain Capital.

Last month Riverside closed its second Asia-Pacific fund on $235m, ahead of its $150m target.

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