@jps …. Siis lisää luksusta 151 miljoonalla Tanskasta
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The transaction will be paid in cash and financed with debt. Enterprise value of EUR 151.5 million represents EV/EBITDA[4] (LTM) multiples of 9.5x on a stand-alone basis and 4.7x with cost synergies, net of integration costs.
Fiskars Corporation
Inside information
September 14, 2023, at 08:30. a.m.
Inside information: Fiskars Group expands its portfolio of luxury brands by acquiring Georg Jensen
Fiskars Group has signed an agreement with Investcorp to buy the renowned Danish luxury lifestyle brand Georg Jensen by acquiring 100% of the shares of Georg Jensen Investment APS for the debt free, cash free purchase price (enterprise value) of EUR 151.5 million[1]. The brand offers iconic products in home and jewellery categories. Having a 120-year heritage and a strong focus on craftsmanship, creativity and design, Georg Jensen fits well in Fiskars Group’s luxury home brand portfolio and extends the luxury brands’ share of the Group’s net sales from 25%[2]to over one third. In 2022, Georg Jensen’s net sales were EUR 158.1 million and EBIT was EUR 14.9 million[3].
- With this acquisition, we will reinforce our offering in the luxury home products. At Fiskars Group, we want to build holistic lifestyle brands that surround consumers and Georg Jensen fits this description extremely well. Based on our experience in driving consumer relevance and understanding consumer desire, we see many opportunities to further elevate this renowned lifestyle brand,