Deal Detail

Norcraft Companies, Inc. to Fortune Brands Home & Security

EV / LTM EBITDA

11.5x

EV / LTM Sales

Enterprise Value

Primary Source

Goldman Sachs

Comparable Transactions

Home & Office Furnishings transactions announced in the five years to March 2015. 2 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
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

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	-	-	11.5x	-	Resolved deal. Cited in the Knoll/Herman Miller fairness opinion, Goldman Sachs table.	Open
	-	fairness opinion	SCS FO	JPMorgan	2025	-	-	-	-	Resolved deal. Cited in the Steelcase/HNI fairness opinion, J.P. Morgan (acquirer board) table; no per-row multiple disclosed.	Open