Deal Detail

Pro Audio GmbH to Focusrite plc

EV / LTM EBITDA

10.4x

EV / LTM Sales

Enterprise Value

Primary Source

BofA

Comparable Transactions

Consumer Electronics transactions announced in the five years to July 2019. 3 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Jul 2017	Corsair Gaming, Inc.	EagleTree Capital	-	-	12.1x	Financial
Nov 2016	Harman International Industries, Inc.	Samsung Electronics Co., Ltd.	-	-	10.0x	Strategic
Aug 2016	Skullcandy, Inc.	Mill Road Capital	-	-	11.8x	Financial
	Mean			-	11.3x
	Median			-	11.8x

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	ZAGG FO	BofA	2020	-	-	10.4x	-	-	Open