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New Deal


Announced

Completed

Husqvarna Group completed the acquisition of Orbit Irrigation from Platinum Equity for $480m.

Financials

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Transaction Value£348m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Household Equipment and Products

watering equipment

Private Equity

Single Bidder

United States

Acquisition

Majority

Friendly

Cross Border

Completed

Synopsis

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Husqvarna Group, a Swedish manufacturer of outdoor power products, completed the acquisition of Orbit Irrigation, a provider of watering equipment, from Platinum Equity, a private equity firm, for $480m. "Orbit's success is the result of a strong partnership with the company's leadership team and a lot of hard work by dedicated employees at every level of the organization. We deployed the full range of Platinum's M&A and operational toolkit in service of transforming the company into an industry leader, and we are proud of everything the company has accomplished," Jacob Kotzubei, Platinum Equity Partner.

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