Deal Detail

Capri Holdings to Tapestry

EV / LTM EBITDA

9.0x

EV / LTM Sales

1.5x

Enterprise Value

$8.5B

Primary Source

Company Release

Comparable Transactions

Luxury & Apparel transactions announced in the five years to August 2023. 7 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Sep 2021	Lugano Diamonds & Jewelry, Inc.	Compass Diversified	$256M	2.7x	8.5x	Strategic
Jul 2021	Sweaty Betty	Wolverine World Wide	$416M	2.1x	18.1x	Strategic
Dec 2020	Stone Island (Sportswear Company S.p.A.)	Moncler	$1.4B	4.7x	16.6x	Strategic
Oct 2020	Tiffany & Co.	LVMH	$16.6B	3.8x	16.6x	Strategic
Sep 2020	BOA Technology Inc.	Compass Diversified	$454M	4.5x	15.1x	Strategic
Oct 2019	Rip Curl Group Pty Limited	Kathmandu Holdings Limited	$235M	-	7.3x	Strategic
Sep 2018	Gianni Versace S.p.A.	Michael Kors Holdings Limited	$2.1B	2.6x	22.0x	Strategic
	Mean			3.4x	14.9x
	Median			3.2x	16.6x

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	press release	Press Release	-	2023	$8.5B	1.5x	9.0x	-	7x including expected synergies of $200m. Announced but not completed.	Open