M&A Deal Summary

Knoll Acquires Muuto

On December 12, 2017, Knoll acquired consumer products company Muuto from Maj Invest Equity for 300M USD

Acquisition Highlights
  • This is Knoll’s 3rd transaction in the Consumer Products sector.
  • This is Knoll’s largest (disclosed) transaction.
  • This is Knoll’s 1st transaction in Denmark.

M&A Deal Summary
Date 2017-12-12
Target Muuto
Sector Consumer Products
Buyer(s) Knoll
Sellers(s) Maj Invest Equity
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Muuto

Copenhagen, Denmark
Muuto is a design company with focus on Nordic design of furniture, lamps and accessories. Muuto was founded in 2006 and is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

Knoll

East Greenville, Pennsylvania, United States
Category Company
Founded 1983
Sector Furniture
Employees3,541
Revenue 1.2B USD (2020)
DESCRIPTION

Knoll is a constellation of design-driven brands and people, working together with its clients to create inspired modern interiors, supporting clients wherever they work or live. The company's internationally recognized portfolio includes furniture, textiles, lighting, accessories, and architectural and acoustical elements. Knoll was founded in 1983 and is based in East Greenville, Pennsylvania.

DEAL STATS #
Overall 5 of 6
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 5 of 6
Country (Denmark) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 DatesWeiser Furniture

Buffalo, New York, United States

DatesWeiser Furniture Corp. is a manufacturer of custom flexible conference furniture products for client facing signature areas of the workplace. DatesWeiser's distinctive value proposition lies in the timeless modernism and sophistication of its product design; exquisite mixed materials; refined workmanship; and a deep bench of project support services from design development to seamless technology integration through installation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Fully

Portland, Oregon, United States

Fully is an ecommerce furniture brand provides adjustable height desks, ergonomic chairs and accessories principally for individual home offices and small businesses through website. Fully was founded in 2006 and is based in Portland, Oregon.

Buy $35M

Seller(S) 1

SELLER

Maj Invest Equity

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 590M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maj Invest Equity A/S (formerly LD Invest Equity) is the private equity investment arm of financial management firm Maj Invest Holding A/S (formerly LD Invest A/S). Maj invests in small-cap Danish businesses generating sales of EUR 13 to 130 million with proven business models and established market positions. Maj Invest Equity was formed in 2005 and is based in Copenhagen.

DEAL STATS #
Overall 40 of 50
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 19 of 24
Country (Denmark) 40 of 50
Year (2017) 5 of 5
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 JKF Industri A/S

Hadsund, Denmark

JKF Industri A/S is a developer, manufacturer and international supplier of components for process ventilation and air filtration systems. JKF Industri was founded in 1957 and is based in Hadsund, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Unwire ApS

Copenhagen, Denmark

Unwire ApS is a provider of mobile platforms as well as mobile ticket and payment systems. Unwire provides white-label mobile platforms and wallets to financial institutions, transport companies, phone companies and various merchants, primarily in the Nordic countries.

Sell -
Mergr

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