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New Deal


Announced

B. Riley Financial completed the acquisition of Targus for $250m.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

tech accessory

United States

Majority

Clothing and Accessories

Private

carry bags

Domestic

Acquisition

Friendly

Synopsis

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B. Riley Financial, a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners, completed the acquisition of Targus, a provider of laptop cases and tech accessory products, for $250m. "This is an exciting development for our team as we accelerate our global expansion of the Targus business. Embedded throughout our nearly 40-year history is Targus' commitment to delivering quality design and superior service to our customers around the world. With a talented team serving as the driving force for continued innovation at Targus, we could not be more excited by the expanded opportunities that B. Riley can provide. We look forward to continuing to serve our customers and suppliers worldwide, and in partnership with B. Riley," Mikel Williams, Targus CEO and Chairman.

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