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Deal Detail
Bellisio Parent LLC to Charoen Pokphand Foods pcl
EV / LTM EBITDA
13.1x
EV / LTM Sales
-
Enterprise Value
-
Primary Source
Fairness Opinion
Comparable Transactions
Packaged Foods transactions announced in the five years to November 2016. 50 with a disclosed multiple.
| Date | Target | Acquiror | Enterprise Value | EV/Sales | EV/EBITDA | Type |
|---|---|---|---|---|---|---|
| Nov 2016 | Peacock Foods, LLC | Greencore Group plc | - | - | 10.4x | Strategic |
| Jul 2016 | The WhiteWave Foods Company | DANONE S.A. | $12.4B | 3.1x | 23.4x | Strategic |
| Jul 2016 | Hostess Brands | Gores Group Holdingds, The Gores Group | $2.3B | - | 12.1x | Strategic |
| Nov 2015 | Boulder Brands, Inc. | Pinnacle Foods Inc. | $975M | 1.9x | 14.6x | Strategic |
| Nov 2015 | Ralcorp Holdings, Inc. (privately owned by Conagra Foods, Inc.) | Treehouse Foods, Inc. | - | - | 9.0x | Strategic |
| Nov 2015 | ConAgra Foods' Private Brands (Ralcorp) | TreeHouse Foods, Inc. | - | - | 9.0x | Strategic |
| Oct 2015 | Diamond Foods, Inc. | Snyder's-Lance, Inc. | - | - | 15.8x | Strategic |
| Aug 2015 | American Seafoods | Bregal Partners | - | - | 7.7x | Financial |
| Aug 2015 | Wallaby Yogurt Company | WhiteWave Foods | - | 2.7x | - | Strategic |
| Jul 2015 | Sunrise Holdings, Inc. | SunOpta, Inc. | - | - | 11.5x | Strategic |
| Jul 2015 | Cargill Pork, LLC | JBS USA, LLC | $1.5B | - | 6.8x | Strategic |
| Jun 2015 | Moy Park Ltd. | JBS S.A. | $1.5B | - | 7.9x | Strategic |
| Jun 2015 | Garden Fresh | Campbell Soup | - | 2.3x | - | Strategic |
| Jun 2015 | Campofrio Food Group | Sigma Alimentos, S.A. de C.V. | - | - | 7.1x | Strategic |
| May 2015 | Applegate Farms, LLC | Hormel Foods Corporation | - | - | 15.0x | Strategic |
| Mar 2015 | Kraft Foods Group, Inc. | H.J. Heinz Company | - | - | 15.2x | Strategic |
| Feb 2015 | Big Heart Pet Brands, Inc. | Smuckers, The J.M. Smucker Company | - | 2.5x | 12.9x | Strategic |
| Jan 2015 | MOM Brands Company | Post Holdings, Inc. | $1.2B | - | 9.6x | Strategic |
| Nov 2014 | P&M Quality Smallgoods Pty Ltd. | JBS Australia Pty Ltd. | $1.3B | - | 9.7x | Strategic |
| Nov 2014 | Gardein Protein | Pinnacle Foods | - | 2.8x | - | Strategic |
| Oct 2014 | Chiquita Brands International plc | Grupo Cutrale / Safra Group | $1.3B | 0.4x | 12.8x | Strategic |
| Sep 2014 | Annie’s, Inc. | General Mills, Inc. | - | - | 38.7x | Strategic |
| Jul 2014 | The Hillshire Brands Company | Tyson Foods, Inc. | - | - | 16.7x | Strategic |
| Jun 2014 | Flagstone Foods | TreeHouse Foods, Inc. | - | - | 11.5x | Strategic |
| May 2014 | Pinnacle Foods Inc. | The Hillshire Brands Company | - | - | 14.1x | Strategic |
| May 2014 | Van’s | Hillshire | - | 2.8x | - | Strategic |
| May 2014 | Ragu & Bertolli pasta sauce brand portfolio | Mizkan Group | - | - | 15.8x | Strategic |
| May 2014 | Conopco Inc. | Mizkan Group | - | - | 15.8x | Strategic |
| Apr 2014 | Michael Foods | Post Holdings, Inc. | - | - | 9.3x | Strategic |
| Dec 2013 | Campofrio Food Group S.A. | Sigma Alimentos S.A. de CV and Smithfield Foods, Inc. | $1.6B | - | 8.4x | Strategic |
| Dec 2013 | Earthbound Farm | The White Wave Foods Company | $600M | - | 8.0x | Strategic |
| Dec 2013 | Natural Selection | WhiteWave Foods | - | 1.1x | 10.0x | Strategic |
| Nov 2013 | Kind | Daniel Lubetsky | - | 3.7x | 15.3x | Financial |
| Oct 2013 | Del Monte Consumer Products | Del Monte Pacific | - | - | 9.4x | Strategic |
| Sep 2013 | Dakota Growers Pasta Company | Post Holdings, Inc. | - | - | 8.4x | Strategic |
| Aug 2013 | Wish-Bone | Pinnacle Foods Inc. | - | - | 12.1x | Strategic |
| Aug 2013 | Dole Food Company | David H. Murdock | $1.5B | - | 10.2x | Financial |
| Jun 2013 | Pirate Brands | B&G Foods | - | 2.3x | 10.3x | Strategic |
| May 2013 | Smithfield Foods, Inc. | Shuanghui International Holdings Limited | $7.1B | 0.5x | 9.3x | Strategic |
| Feb 2013 | H.J. Heinz Company | 3G Capital and Berkshire Hathaway | $27.7B | 2.4x | 13.7x | Financial |
| Jan 2013 | Skippy | Hormel Foods Corporation | $700M | - | 10.7x | Strategic |
| Jan 2013 | Morningstar | Saputo | - | 0.8x | 13.2x | Strategic |
| Nov 2012 | Ralcorp Holdings, Inc. | ConAgra Foods, Inc. | - | - | 12.0x | Strategic |
| Oct 2012 | Snack Factory | Snyders Lance | - | 3.4x | - | Strategic |
| Sep 2012 | Dole Food Company, Inc.’s Asia fresh & worldwide packaged foods businesses | Itochu Corporation | $1.7B | - | 9.0x | Strategic |
| Jul 2012 | Bolthouse Farms | Campbell Soup Company | $1.6B | 2.2x | 10.2x | Strategic |
| Apr 2012 | Pfizer Nutrition | Nestle S.A. | - | - | 21.7x | Strategic |
| Feb 2012 | Pringles (privately owned by The Procter & Gamble Company) | Kellogg Company | - | - | 9.0x | Strategic |
| Jan 2012 | Brookside | Hershey | - | 1.9x | - | Strategic |
| Dec 2011 | Turners & Growers (72.5%) | BayWa AG | $226M | - | 7.2x | Strategic |
| Mean | 2.2x | 12.3x | ||||
| Median | 2.3x | 10.6x |
All Observations
Source-specific multiples and notes for this transaction.