Deal Detail

DAOU Vineyards to Treasury Wine Estates Ltd

EV / LTM EBITDA

12.8x

EV / LTM Sales

Enterprise Value

$900M

Primary Source

Company Release

All Observations

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	-	2023	$900M	-	12.8x	-	Upfront Consideration of US$900m, plus an additional earn-out of up US$100m payable in the event that certain revenue targets for CY25-27. Indicative NPV of cash tax benefits of ~US$100m. Implied EV/CY23e EBITDA multiple of 12.8x, and 8.9x when including NPV of the tax benefits and pro-forma cost synergies of US$20m (in each case excluding earn-out).	Open