Embellence Group acquires US company Artscape, Inc.

Embellence Group, a leading European player in the premium interior design market, has acquired the US company, Artscape Inc. Through this acquisition, Embellence Group is expanding its operations to include exclusive pattern-based window film (“artwork for windows”).The purchase consideration on a cash-free and debt-free basis amounts to MUSD 20, corresponding to an EV/EBITA multiple of approximately 5.5x. The parties have jointly decided on a transaction structure that enables the share acquisition to be handled for tax purposes as an asset acquisition (”Joint election under Section 338 (