Victoria’s acquisition of Edel Group BV creates Europe’s largest premium domestic and landscaping grass business. The artificial grass sector is expected to continue to grow strongly and there are opportunities for both commercial and operating synergies with Victoria’s existing grass businesses acquired in early 2017. The acquisition will be immediately accretive on an EV/EBITDA multiple of c.7x based on an EV of €69.4m that includes €20m of assumed debt. The acquisition is an excellent strateg ....