B. Riley Principal Investments Acquires Targus
October 19, 2022
B. Riley Principal Investments, an affiliate of B. Riley Financial, has acquired Targus (Targus Cayman HoldCo Limited), a global designer and maker of laptop/tablet cases, backpacks, docking stations and computer accessories, in a transaction valued at approximately $250 million enterprise value. The deal, which includes bank financing and seller financing, positions Targus as a portfolio company of B. Riley Principal Investments while Targus CEO Mikel Williams continues to lead the business from its Anaheim, California headquarters.
- Buyers
- B. Riley Principal Investments, LLC, B. Riley Financial, Inc.
- Targets
- Targus (Targus Cayman HoldCo Limited)
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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