Silentnight bought by HIG

British bedmaker Silentnight has been rescued from collapse by HIG Europe, the European arm of global private equity investment firm HIG Capital. The Lancashire-based firm, which has a £100m hole in its pension fund, went into administration over the weekend after failing to win the backing of creditors to cut its debts. But the company, and some 1,250 jobs, was saved by the HIG deal.