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New Deal


Announced

Completed

Kimball International completed the acquisition of Poppin for $180m.

Financials

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Transaction Value£138m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Household Furnishings

Domestic

Acquisition

United States

Friendly

furniture designing

Majority

Single Bidder

Completed

Synopsis

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Kimball International, a furnishings designer, completed the acquisition of Poppin, a tech-enabled, B2B commercial furniture design company, for $180m. "The addition of Poppin to the Kimball International family provides us with a meaningful growth engine that aligns with our recently-launched 2.0 Connect Strategy and with our longer term vision to create a leading omnichannel commercial furnishings design powerhouse supported by a robust manufacturing and sourcing infrastructure. The acquisition greatly accelerates the development of our eBusiness platform, and we have identified multiple levers to drive significant revenue synergies," Kristie Juster, Kimball International CEO.

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