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Tag: B. Riley Financial

B. Riley Acquires Targus®, Leader in Technology Solutions and Protective Cases
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B. Riley Acquires Targus®, Leader in Technology Solutions and Protective Cases

LOS ANGELES and ANAHEIM, Calif., Oct. 19, 2022 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") and Targus Cayman HoldCo Limited ("Targus") today announced that B. Riley Principal Investments, LLC has acquired Targus, a multinational company that designs, manufactures, and sells consumer and enterprise productivity products. The Targus® product line includes laptop and tablet cases, backpacks, universal docking stations, and computer accessories. B. Riley has acquired Targus in a transaction valued at approximately $250 million on an enterprise value basis, which represents a multiple of approximately 5.2x Adjusted EBITDA for the trailing twelve-month period ending June 2022. Targus generated revenues of approximately $415 million for the same trailing twelve-month pe...