Deal Detail

K-Way S.p.A. to Permira

EV / LTM EBITDA

11.3x

EV / LTM Sales

3.4x

Enterprise Value

$546M

Primary Source

Company Release

Comparable Transactions

Luxury & Apparel transactions announced in the five years to October 2024. 10 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Jun 2024	Champion (from Hanesbrands)	Authentic Brands	$1.2B	0.6x	11.1x	Strategic
Feb 2024	Tod’s S.p.A.	L Catterton	$2.2B	1.8x	8.1x	Financial
Jan 2024	Sperry	Authentic Brands Group	$130M	0.6x	12.9x	Strategic
Sep 2023	Chico's FAS	Sycamore Partners	$872M	-	4.9x	Financial
Aug 2023	Capri Holdings	Tapestry	$8.5B	1.5x	9.0x	Strategic
Sep 2021	Lugano Diamonds & Jewelry, Inc.	Compass Diversified	$256M	2.7x	8.5x	Strategic
Jul 2021	Sweaty Betty	Wolverine World Wide	$416M	2.1x	18.1x	Strategic
Dec 2020	Stone Island (Sportswear Company S.p.A.)	Moncler	$1.4B	4.7x	16.6x	Strategic
Oct 2020	Tiffany & Co.	LVMH	$16.6B	3.8x	16.6x	Strategic
Sep 2020	BOA Technology Inc.	Compass Diversified	$454M	4.5x	15.1x	Strategic
	Mean			2.5x	12.1x
	Median			2.1x	12.0x

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	press release	Press Release	-	2024	$546M	3.4x	11.3x	-	EV on IFRS-16 basis. Excludes EUR 10m earn-out payable upon Permira's exit subject to Permira achieving minimum money multiple. EUR:USD rate of 1.08 used.	Open