- The Lenox Group (“Lenox”) was retained by Husqvarna AB (OM: HUSQ B) (“Husqvarna” or the “Company”) to provide valuation services in connection with the Company’s acquisition of two targets, one domestic and one located abroad.
- Lenox prepared a written report for each of the two targets outlining our recommendations. The report’s financial section included a discounted cash flow analysis, analysis of multiples of comparable public companies and an analysis of comparable M&A transaction multiples. Supporting documentation, including valuation methodology, benchmarking and financial assumptions, was detailed in the reports.
- Husqvarna presented Lenox with a very tight timeframe as the bidding process for the targets was compressed. After engagement, Lenox produced its report in one week. Having completed the report in the desired timeframe, Lenox delivered its recommendations to the Board.
- Husqvarna engages in the production, development, marketing, and sale of outdoor power products and watering products for the construction and stone industries. Husqvarna sells its products to consumers and professional users under the Husqvarna, Gardena, McCulloch, and Diamant Boart brands and it markets its products through dealers and retailers primarily in Europe, the Asia Pacific, North America, and Latin America. The Company was founded in 1689 and is headquartered in Stockholm, Sweden.