Kampa
Convex Capital originated and led the sale of Kampa UK Ltd, an innovative outdoor leisure company with focus on lightweight and inflatable awning room and tent technology with a leading position in the UK, to Dometic Group, headquartered in Solna, Sweden, the world-leading provider of leisure products for the caravan, motor home, automotive, truck, retail, hotel and marine markets.
Dometic will pay a cash purchase price of £50 million for Kampa, in addition there is a maximum earn-out element of £8.5 million.
With the acquisition of Kampa, Dometic significantly broadens their Retail and Aftermarket offering in EMEA, with good potential for further expansion and profitable growth.
Kampa is a fast-growing outdoor leisure brand with focus on innovative awning and lightweight tent products and accessories to the outdoor living industry with a leading position in the UK.
The company is expected to report sales of £40 million and EBITDA of £7 million in 2018. Aftermarket sales account for 100% of revenue. Kampa has an asset light set up including outsourced manufacturing and a central warehouse in the Netherlands covering the distribution across Europe.
Kampa was founded in 2006 and is based in Essex, UK.
The deal team was led by Mike Driver and Nathalie Hodgkinson.
