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Fairness Opinion Detail

ZAGG Inc to Evercel, Inc.

Consumer Electronics/Dec 2020/BofA

Deal Information

Target
ZAGG Inc
Acquiror
Evercel, Inc.
Sector
Consumer Electronics
Target Type
Public
Acquiror Type
Financial
Advisors
BofA

Transaction Metrics

Enterprise Value
EV / LTM Sales
EV / LTM EBITDA
EV / Fwd EBITDA

Advisor Transaction Comparables

Comparable transactions cited by the advisor, excluding the subject transaction.

Advisor: BofA

EV/LTM EBITDA selected range: 9.4x - 11.4x

23 comps
-TEAC CorporationGlobal Acoustic Partners----
-Outdoor TechProtempo US Ltd----
-FitBit, Inc.Google LLC----
Jul 2019Pro Audio GmbHFocusrite plc--10.4x-
-Halo2Cloud, LLCZAGG Inc----
-Gear4 HK LimitedZAGG Inc----
-BRAVEN AudioZAGG Inc----
-Blue MicrophonesLogitech International S.A.----
Jul 2017Corsair Gaming, Inc.EagleTree Capital--12.1x-
-ASTRO GamingLogitech International S.A.----
-Triad Speakers, Inc.Control4 Corporation----
-Harman International Industries, Inc.Samsung Electronics Co., Ltd.--10.0x-
-Skullcandy, Inc.Mill Road Capital--11.8x-
-JayBirdLogitech International S.A.----
-mophie incZAGG Inc----
-Dynaudio A/SGoerTek Inc.----
-Cabasse SASAwoX S.A.----
-Cobra Electronics Corp.Monomoy Capital Partners----
-YurbudsHarman International Industries, Inc.----
-Beats Electronics LLCApple Inc.----
Feb 2012NixonTrilantic Capital Partners--9.2x-
-iFrogz Inc.ZAGG Inc----
-Klipsch Group, Inc.Audiovox Corp.----
Mean-10.7x-
Median-10.4x-