Troubled UK buyout firm Candover Partners has managed to keep control of a Swedish bed manufacturer in the second case in a fortnight where mezzanine debt providers have sought equity stakes in private equity-backed restructurings.

Candover has completed its restructuring of Hilding Anders and retained 50.1% of the business after injecting Skr400m (€38m) into the company. It has also ensured the company has capital available for future bolt-on acquisitions, according to sources close to the situation.