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Deal Detail

Commonwealth Brands, Inc. to Imperial Brands, Imperial Tobacco Group p.l.c.

Tobacco/Feb 2007
EV / LTM EBITDA
10.9x
EV / LTM Sales
-
Enterprise Value
$1.9B
Primary Source
JPMorgan

Comparable Transactions

Tobacco transactions announced in the five years to February 2007. 6 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jan 2007Lakson Tobacco Co. Ltd.Philip Morris International$675M-14.8xStrategic
Dec 2006Gallaher Group PLCJapan Tobacco Inc.$18.9B-13.0xStrategic
Apr 2006Conwood CompanyRAI$3.5B-13.6xStrategic
Mar 2005PT HM Sampoerna TbkPhilip Morris International$5.1B-13.9xStrategic
Jul 2003Ente Tabacchi Italiani SpABAT$2.7B3.3x11.8xStrategic
Mar 2002Reemtsma Cigarettenfabriken GmbHImperial Tobacco Group p.l.c.$5.1B-13.4xStrategic
Mean-13.4x
Median-13.5x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionRAI FOJPMorgan2017$1.9B-10.9x--Open
-fairness opinionRAI FOLazard2017$1.9B-10.9x--Open
-fairness opinionRAI FOGoldman Sachs2017$1.9B-10.9x--Open
-fairness opinionRAI FOLazard2017$1.9B-10.9x--Open
-fairness opinionLO FOBarclays2014$1.5B4.3x8.6x--Open