Deal Detail

Coca-Cola Beverages plc to Coca-Cola Hellenic Bottling Company S.A.

EV / LTM EBITDA

14.5x

EV / LTM Sales

Enterprise Value

$2.1B

Primary Source

Fairness Opinion

Comparable Transactions

Beverages transactions announced in the five years to October 1999. 2 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Sep 1999	Dr Pepper Bottling Company of Texas	Cadbury Schweppes plc and The Carlyle Group	-	-	8.1x	Strategic
1998	CCBG Corporation and Texas Bottling Group, Inc.	Coca-Cola Enterprises Inc.	-	-	13.1x	Strategic

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	PBG FO	Centerview	2010	$2.1B	-	14.5x	-	-	Open
	-	Fairness Opinion	PBG FO	BofA	2010	$2.1B	-	14.5x	-	-	Open