Deal Detail

Apple & Eve, LLC to Lassonde Industries Inc.

EV / LTM EBITDA

9.9x

EV / LTM Sales

0.8x

Enterprise Value

$150M

Primary Source

Company Release

Comparable Transactions

Beverages transactions announced in the five years to July 2014. 5 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Jan 2014	Oriental Brewery Co. Ltd.	Anheuser-Busch InBev SA/NV	-	-	11.6x	Strategic
Jul 2013	Oy Hartwall Ab	Royal Unibrew A/S	-	-	8.8x	Strategic
Jun 2012	Grupo Modelo, S.A.B. de C.V. (49.7% stake)	Anheuser-Busch InBev SA/NV	-	-	12.9x	Strategic
Sep 2011	Foster's Group Pty. Ltd.	SABMiller plc	-	-	14.5x	Strategic
Dec 2010	Wimm-Bill-Dann Foods	PepsiCo, Inc.	-	-	16.2x	Strategic
	Mean			-	12.8x
	Median			-	12.9x

Source-specific multiples and notes for this transaction.

Add to Set	Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	press release	Press Release	-	2014	$150M	0.8x	9.9x	-	Lassonde will have a 90% equity interest, members of the Lassonde family will own the remaining 10% equity interest.	Open