Benchmark International is pleased to announce the successful acquisition of Day 2 to Lynx.
Day 2 is an award-winning office furniture dealership and commercial furnishing scheme consultant acting as a subcontractor to architectural firms, as well as directly for private, public, and commercial clients. The company operates UK-wide although it has an international presence, conducting business in Europe and via a secondary premises in Qatar.
Lynx is a Canadian-based manager of private equity funds. The company seeks to invest in mid-market companies ($750k-$2.5M EBITDA) with the goal of building value through opportunistic acquisitions, strategic leadership and the timely use of financial expertise. Lynx finances its capital requirements through the issuance of high-yield debentures to qualified investors who enter into loan agreements with Lynx for periods of one to five years.
Commenting on the acquisition, Jim Meier, founder and Managing Director 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.”
Sophie Jaubert, Lynx’s Vice President commented: “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.”
Lynx entered the European market in 2017 and, since then, Benchmark International has assisted in the successful acquisitions of SignalHome and Label Express to Lynx, making Day 2 its third acquisition in Europe and with Benchmark International.
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.