M&A Deal Summary |
|
|---|---|
| Date | 2021-04-19 |
| Target | Knoll |
| Sector | Furniture |
| Buyer(s) | MillerKnoll |
| Sellers(s) | Investindustrial |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.8B USD |
| Advisor(s) | BofA Securities (Financial) Sullivan & Cromwell (Legal) |
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| Category | Company |
|---|---|
| Founded | 1905 |
| Sector | Furniture |
| Employees | 11,300 |
| Revenue | 3.9B USD (2022) |
MillerKnoll researches, designs, manufactures, and distributes interior furnishings for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. Through research, the Company seeks to define and clarify customer needs and problems existing in its markets and to design, through innovation where appropriate and feasible, products, systems, and services that serve as compelling solutions to such problems. Herman Miller's products are sold primarily through independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. MillerKnoll was formed in 1905 and is based in Zeeland, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 10 |
| Sector (Furniture) | 8 of 8 |
| Type (Add-on Acquisition) | 9 of 9 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 6 of 6 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-29 |
naughtone
Harrogate, United Kingdom Naughton with the mission of creating beautiful, useful furniture and has grown rapidly in the collaborative furniture market under the leadership of Matt Welsh, Kieron Bakewell, and Mark Hammond. Known for contemporary British design and high-quality manufacturing, particularly in upholstery, naughtone’s innovative products such as the Always chair and lounge, the Polly chair, and the Viv chair are used by clients around the world, including some of the biggest brands in commerce and culture. |
Buy | $46M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 11.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 34 |
| Sector (Furniture) | 1 of 1 |
| Type (Add-on Acquisition) | 13 of 16 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 3 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-01 |
Bakelite Synthetics
Louisville, Kentucky, United States Bakelite Synthetics is an integrated producer of thermoset specialty resins, solutions, and engineered thermoset molding compounds serving a variety of segments and end markets across geographies. Bakelite Synthetics is based in Louisville, Kentucky. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-09 |
Targa Telematics
Treviso, Italy Targa Telematics is an Italian player in the telematics and mobility space. The company offers a broad range of software solutions such as asset and fleet management, insurance telematics, diagnostics and remote telemetry, to short and long-term rental companies, leasing and insurance operators and large fleet managers. Targa Telematics is based in Treviso, Italy. |
Buy | - |
