Deal Detail

Fantastic Holdings to Steinhoff International

EV / LTM EBITDA

15.6x

EV / LTM Sales

Enterprise Value

Primary Source

Goldman Sachs

Comparable Transactions

Home & Office Furnishings transactions announced in the five years to October 2016. 4 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
May 2016	Generation Brands Holdings, Inc.	AEA Investors LP	$525M	-	10.5x	Financial
Mar 2015	Norcraft Companies, Inc.	Fortune Brands Home & Security	-	-	11.5x	Strategic
Feb 2014	Poltrona Frau S.p.A	Haworth Inc.	$654M	-	15.1x	Strategic
Aug 2012	AOT Bedding Super Holdings, LLC (Serta/Simmons)	Advent International Corporation	$3.0B	-	11.4x	Financial
	Mean			-	12.1x
	Median			-	11.4x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	fairness opinion	KNL FO	Goldman Sachs	2021	-	-	15.6x	-	Resolved deal. Cited in the Knoll/Herman Miller fairness opinion, Goldman Sachs table. Steinhoff International is also the acquiror of Mattress Firm in this sector (2016), same year, different target.	Open
	-	Registration Filing	Information Circular	Kroll	2025	$272M	-	9.0x	8.8x	USD:AUD FX rate 1.3139	Open