Deal Detail

Airborne, Inc. to Schiff Nutrition International, Inc.

EV / LTM EBITDA

12.5x

EV / LTM Sales

Enterprise Value

Primary Source

Evercore

Comparable Transactions

Consumer Health transactions announced in the five years to April 2012. 4 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Jun 2011	Myprotein.com	The Hut Group	-	-	9.7x	Strategic
Jan 2011	Bio-Engineered Supplements and Nutrition	Glanbia plc	-	-	8.3x	Strategic
Dec 2010	Maxinutrition Group Holdings Limited	GlaxoSmithKline plc	-	-	20.0x	Strategic
Jul 2010	NBTY, Inc.	The Carlyle Group L.P.	-	-	8.1x	Financial
	Mean			-	11.5x
	Median			-	9.0x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	fairness opinion	NTRI FO	Evercore	2018	-	-	12.5x	-	-	Open