Convex advised Kampa UK Ltd, a fast-growing product innovator in the outdoor leisure retail and aftermarket, on its sale to Swedish-based Dometic Group, the global supplier to the RV, marine and automotive sectors.
Founded in 2006 and based near Witham in Essex, UK, Kampa is a premium outdoor leisure brand with a focus on lightweight and inflatable awning rooms and tent technology. It has an asset light set-up including outsourced manufacturing and a central warehouse in the Netherlands covering distribution across Europe.
The company is expected to report sales of £40 million and EBITDA of £7 million in 2018.
The acquisition, for a purchase price of £50 million on a debt and cash free basis, excluding potential earn-out element of £8.5 million, strengthens and expands Dometic’s position in Retail and Aftermarket through new product areas, a broader distribution network and strong market presence.
Retail and Aftermarket expansion has been a strategic priority for Dometic, as it offers attractive market dynamics, strong earnings potential and good opportunities for further expansion. Kampa fulfils all prerequisites that Dometic has set for acquired expansion, with proven profitable growth, leading market positions and strong management.
Myles Salmon, Managing Director at Kampa said: “We are today the market leader in inflatable awning room and tent technology in the UK, with a clear focus on easy use for our customers. In Dometic we have found an incredibly good home where we can build and accelerate our international expansion.”
