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Deal Detail

Birds Eye Foods to Pinnacle Foods

Packaged FoodsCenter Store/Nov 2009
EV / LTM EBITDA
9.5x
EV / LTM Sales
-
Enterprise Value
-
Primary Source
Wells Fargo Securities

Comparable Transactions

Packaged Foods transactions announced in the five years to November 2009. 22 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Sep 2009Bertin Ltda.JBS S.A.$5.2B-12.3xStrategic
Sep 2009Pilgrim's Pride CorporationJBS USA Holdings, Incorporated$2.8B-10.7xStrategic
Dec 2008Fresh Bread & Bakery Business of Weston Foods, Inc. (privately owned by Dunedin Holdings S.á.r.l.)Grupo Bimbo, S.A.B. de C.V.--9.8xStrategic
Jun 2008StarkistDongwon F&B Co., Ltd.--7.8xStrategic
Jun 2008Desarrollo Agroindustrial de Frutales S.A., Frutas de Exportacion S.A. and CaribanaFresh Del Monte Produce inc.$403M-8.1xStrategic
Jun 2008Vitacress SaladsRAR Group$105M-8.2xStrategic
Apr 2008WM. Wrigley Jr. CompanyMars, Incorporated$23.1B-18.5xStrategic
Jul 2007Wight Salads Group (70%)RAR Group$41M-5.7xStrategic
Jul 2007Danone BiscuitsKraft Foods Group, Inc.--13.3xStrategic
Jul 2007Royal Numico N.V.Danone, Groupe Danone S.A.--24.3xStrategic
May 2007Swift & Co.JBS S.A.--7.7xStrategic
Apr 2007Gerber Products CompanyNestlé--15.7xStrategic
Dec 2006Novartis Medical NutritionNestlé Group--17.6xStrategic
Sep 2006Premium Standard Farms, Inc.Smithfield Foods, Inc.--6.0xStrategic
Jul 2006ConAgra Foods, Inc. Branded Meats BusinessSmithfield Foods, Inc.--5.8xStrategic
Jul 2006Chiquita Brands South Pacific LimitedTradefresh Pty Ltd$130M-8.7xStrategic
Jun 2006Sara Lee Corp. European Meat BusinessSmithfield Foods, Inc.--6.0xStrategic
Nov 2005EAC NutritionRoyal Numico N.V.--25.0xStrategic
Oct 2005Bolthouse Farms (57%)Madison Dearborn Partners$1.1B-9.3xFinancial
Feb 2005Mellin S.p.ARoyal Numico N.V.--13.8xStrategic
Feb 2005Fresh Express Unit of Performance Food GroupChiquita Brands International$855M-10.7xStrategic
Feb 2005Fresh ExpressChiquita--9.4xStrategic
Mean-11.6x
Median-9.6x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionCQB FOWells Fargo Securities2014--9.5x--Open