Deal Detail

Coppertone to Beiersdorf AG

EV / LTM EBITDA

EV / LTM Sales

2.6x

Enterprise Value

$550M

Primary Source

Company Release

Comparable Transactions

HHP/Pers Care transactions announced in the five years to May 2019. 3 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
May 2019	Avon Products, Inc.	Natura & Co Holding S.A.	-	-	9.5x	Strategic
Jul 2017	Waterpik	Church & Dwight	$1.0B	3.8x	12.5x	Strategic
Jun 2016	Elizabeth Arden, Inc.	Revlon, Inc.	-	-	34.3x	Strategic
	Mean			-	18.8x
	Median			-	12.5x

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	press release	press release	-	2019	$550M	2.6x	-	-	-	Open