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This report is accessible on EMAT, the reference database for private company acquisition multiples



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Transaction Multiples for the Valuation of Private Companies

BHG Group / AH-Trading

No EMAT : 107281
Announced Date : 02/09/2021
Type : Acquisition of Majority Stake
Deal Value : Yes
Acquirer : BHG Group

Target : AH-Trading
Country : Germany
Sector of activity :
  • Internet > e-commerce (B2C)
  • Home Improvement R&W > Retail and Wholesale ('R&W') > Home Decoration & Furniture Retailers
  • Home Improvement R&W > Retail and Wholesale ('R&W') > Garden Equipment Retailers
Business Description :
Founded in 2002 by Aron and Birgit Holtermann, AH-Trading is an e-commerce company offering outdoor & indoor furnitures in the mid and premium segments . > O perates the following websites:...

Transaction multiples available
Gross Profit
P/E Price
to Book
Historic ns ns
Rating : ***
Multiple available
n.s.   Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

  • Number of EMAT Reports / sub-sector « e-commerce (B2C) » = 268
  • Number of EMAT Reports / sub-sector « Home Decoration & Furniture Retailers » = 41
  • Number of EMAT Reports / sub-sector « Garden Equipment Retailers » = 17
Example of comparable transactions on EMAT (same sub-sector):
Date Acquirer Target Country Multiples See details
12/07/2021 Private Group backed by Crédit Mutuel Equity La Foir'fouille Hérault * 106481
18/07/2021 Investindustrial Acquisition Corp (IIAC) Ermenegildo Zegna Group Italy *** 106339

Source: Epsilon Research / EMAT

About Epsilon Research

Epsilon Research is an independent research and financial analysis bureau, and the reference source of transaction multiples for the valuation of private companies through its EMAT database.

EMAT Report

► Each EMAT Report includes the detailed analysis of the transaction: deal rationale and structure, target business lines and financials (restated), valuation multiples (calculation and analysis).


► Example of EMAT Report