Deal Detail

Apartments.com business of Classified Ventures, LLC to CoStar Group, Inc.

EV / LTM EBITDA

EV / LTM Sales

Enterprise Value

Primary Source

JPMorgan

Comparable Transactions

Internet/Ecom transactions announced in the five years to March 2014. 2 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Apr 2013	American Greetings Corporation	Weiss Family	$819M	-	5.2x	Financial
Oct 2012	Ancestry.com LLC	Permira	$1.5B	-	9.9x	Financial

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	RATE FO	JPMorgan	2017	-	-	-	16.6x	EV / 1-year forward EBITDA as presented in the RATE FO; the FO discloses no enterprise value for this transaction.	Open