Investment Summary

MillerKnoll Invests In HAY A/S

On October 8, 2019, MillerKnoll invested in furniture company HAY A/S

Investment Highlights
  • This is MillerKnoll’s 6th transaction in the Furniture sector.
  • This is MillerKnoll’s 1st transaction in Denmark.

Investment Summary

Date 2019-10-08
Target HAY A/S
Sector Furniture
Investor(s) MillerKnoll
Deal Type Stake Purchase

Target

HAY A/S

Horsens, Denmark
HAY A/S creates contemporary furniture that uses sophisticated industrial manufacturing to satisfy the needs of modern living. HAY A/S commitment to the design and production of furniture, lighting, and accessories with an international appeal, strives to make good design accessible to the largest possible audience.

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Investor(S) 1

Investor

MillerKnoll

Zeeland, Michigan, United States

Category Company
Founded 1905
Sector Furniture
Employees11,300
Revenue 3.6B USD (2024)
DESCRIPTION
Herman Miller's corporate headquarters in Zeeland, Michigan.
Herman Miller's corporate headquarters in Zeeland, Michigan.

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. The Company'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 8 of 10
Sector: Furniture M&A 6 of 8
Type: Stake Purchase M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 Design Within Reach

Stamford, Connecticut, United States

Design Within Reach is a provider of distinctive modern design furnishings and accessories. The company markets and sells products from prominent designers, such as Ludwig Mies van der Rohe and Charles and Ray Eames, through four highly integrated sales channels consisting of its studios, catalog, website and direct sales force.

Buy $154M
FOLLOWING DEAL
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