Deal Detail

iGuzzini Illuminazione S.p.A to AB Fagerhult

EV / LTM EBITDA

10.8x

EV / LTM Sales

Enterprise Value

$429M

Primary Source

BofA

Comparable Transactions

Home & Office Furnishings transactions announced in the five years to October 2018. 6 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
May 2018	Ekornes	QuMei Home Furnishings	$695M	-	11.6x	Strategic
Dec 2017	Muuto	Knoll, Inc.	$304M	-	14.5x	Strategic
Oct 2016	Fantastic Holdings	Steinhoff International	-	-	15.6x	Strategic
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
	Mean			-	13.1x
	Median			-	13.1x

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	SCS FO	BofA	2025	$429M	-	10.8x	-	Resolved deal. Cited in the Steelcase/HNI fairness opinion, BofA supplemental (8-K, 25 Nov 2025).	Open
	-	fairness opinion	KNL FO	BofA	2021	$429M	-	10.8x	-	Resolved deal. Cited in the Knoll/Herman Miller fairness opinion, BofA table, transaction value from the 1 Jul 2021 8-K.	Open