Beaulieu International Group (B.I.G.) has completed the sale of its upholstery division, operating under the brand name Tessutica, to GH Private Equity. The transaction was finalized on 27 November 2025, following the signing of a Share Purchase Agreement between the two parties.
The divestment comes as part of B.I.G.’s long-term portfolio optimization strategy. In recent years, the company has conducted an extensive review of its business segments to assess strategic alignment and growth potential. According to B.I.G., Tessutica’s focus on premium upholstery markets—requiring continuous investment in product innovation and infrastructure—no longer aligned with the Group’s broader growth priorities.
“While Tessutica has strong potential, maintaining leadership in the premium upholstery segment requires significant ongoing investment,” B.I.G. stated. “These resources are better directed toward our high-growth core businesses, where we see greater opportunities for market leadership.”
GH Private Equity Takes Over Tessutica Operations
Acquisition Aligned With Turnaround-Focused Investment Strategy
Tessutica has been acquired by GH Private Equity, a subsidiary of H Capital Ventures Group, known for specializing in carve-outs and the turnaround of underperforming or non-core divisions of large multinational companies. The acquisition fits squarely within GH Private Equity’s strategy to invest in small and medium-sized businesses requiring operational and financial restructuring.
As part of the agreement:
- All 132 employees—115 in Romania and 17 in Belgium—will transfer to the new ownership under the same employment conditions.
- Daily operations at the Romanian and Belgian facilities will continue without disruption.
- In 2024, Tessutica recorded €17 million in revenue, contributing to B.I.G.’s total turnover of €2 billion.
Both parties confirmed that no financial details of the transaction will be made public.
