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Deal Detail

Anheuser-Busch Companies, Inc. to InBev S.A., InBev SA

BeveragesAlcoholic/Jul 2008
EV / LTM EBITDA
12.2x
EV / LTM Sales
-
Enterprise Value
$60.0B
Primary Source
Goldman Sachs

Comparable Transactions

Beverages transactions announced in the five years to July 2008. 6 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jun 2008Folgers (privately owned by The Procter & Gamble Company)The J.M. Smucker Company--9.4xStrategic
Jan 2008Scottish & Newcastle Limited AssetsHeineken N.V.--12.9xStrategic
Jan 2008Scottish & Newcastle Limited / Baltic Beverages Holding ABCarlsberg A/S--12.2xStrategic
Nov 2007Royal Grolsch N.V.SABMiller plc--14.4xStrategic
May 2007VitaminwaterCoca-Cola Company--19.7xStrategic
May 2007Van HoutteLittlejohn Fund III, Fonds de Solidarite--8.1xFinancial
Mean-12.8x
Median-12.6x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionBUD FOGoldman Sachs2008$60.0B-12.2x-adjusted for Modelo/Tsingtao Net Debt & EBITDAOpen
-fairness opinionBREW FOGoldman Sachs2019--12.4x--Open
-fairness opinionMJN FOGoldman Sachs2016$60.7B-15.5x-unadjusted for Modelo/TsingtaoOpen
-fairness opinionWWAV FOGoldman Sachs2016--12.5x--Open