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New Deal


Announced

Completed

Middleby completed its acquisition of Brava Home.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Household Equipment and Products

cooking equipment

kitchen furniture

Acquisition

Single Bidder

United States

Majority

Completed

internet of things

Private

Friendly

Synopsis

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Middleby, an American publicly traded commercial and residential cooking and industrial process equipment company, completed its acquisition of Brava Home, an IoT and domestic automation company that integrates technology and design. Financial terms were not disclosed. “We are excited about the growth potential of Brava as consumers discover the benefits of light-cooking technology. The cloud-based, smart-control on the Brava oven resonates with customers of all ages due to its simplicity and ability to turn any user into a chef. As Middleby continues to focus on the most progressive technologies, we are addressing a growing market of consumers who are versed in technology and a digital experience. We believe Brava will bring many opportunities to both our residential and commercial businesses, as we extend the technology and capabilities to other Middleby brands,” Tim FitzGerald, Middleby CEO.

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