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Deal Detail
Domino's Pizza businesses in Malaysia, Singapore and Cambodia to Domino's Pizza Enterprises Ltd
EV / LTM EBITDA
10.1x
EV / LTM Sales
-
Enterprise Value
$147M
Primary Source
Company Release
Comparable Transactions
Restaurants transactions announced in the five years to August 2022. 33 with a disclosed multiple.
| Date | Target | Acquiror | Enterprise Value | EV/Sales | EV/EBITDA | Type |
|---|---|---|---|---|---|---|
| Aug 2022 | BBQ Holdings (Famous Dave's) | MTY Food Group Inc., MTY Franchising USA, Inc. | $205M | 0.8x | 10.1x | Strategic |
| May 2022 | Keke’s Breakfast Café | Denny’s Corporation | - | - | 12.0x | Strategic |
| Apr 2022 | Main Event | Dave & Buster’s Entertainment, Inc. | - | - | 9.3x | Strategic |
| Dec 2021 | Del Taco Restaurants, Inc. | Jack in the Box Inc. | $573M | 1.1x | 11.0x | Strategic |
| Nov 2021 | Firehouse Restaurant Group | Restaurant Brands International | $1.0B | - | 20.0x | Strategic |
| Sep 2021 | Twin Peaks | FAT Brands | - | - | 10.0x | Strategic |
| Jul 2021 | Taco Cabana, Inc. | Yadav Enterprises, Inc. | - | - | 10.0x | Strategic |
| Jul 2021 | J. Alexander’s Holdings, Inc. | SPB Hospitality LLC | - | - | 8.7x | Strategic |
| Jun 2021 | New York Pizza | Orkla ASA | $173M | 2.7x | 11.4x | Strategic |
| Oct 2020 | Dunkin' Brands Group, Inc. | Inspire Brands (Roark Capital) | $11.6B | - | 25.3x | Financial |
| Jan 2020 | The Habit Restaurants, Inc. | Yum! Brands, Inc. | $385M | - | 11.8x | Strategic |
| Nov 2019 | Patton Wings, Inc. | ICV Partners, LLC | - | 1.1x | 10.3x | Strategic |
| Nov 2019 | Diversified Restaurant Holdings, Inc. | ICV Partners IV, L.P.; ICV Partners, LLC | - | - | 9.5x | Strategic |
| Jun 2019 | Del Frisco’s Restaurant Group, Inc. | L Catterton | - | - | 12.0x | Financial |
| Apr 2019 | Papa Murphy's Holdings, Inc. | MTY Food Group | $190M | 1.5x | 8.5x | Strategic |
| Dec 2018 | Restaurant Brands New Zealand Limited | Finaccess Capital | $918M | - | 14.1x | Strategic |
| Nov 2018 | Diversified Restaurant Holdings (Buffalio Wildwings Franchisee) | ICV Partners, LLC | - | - | 7.3x | Strategic |
| Nov 2018 | Global Franchise Group | Lion Capital, Serruya Private Equity | $400M | - | 8.6x | Financial |
| Nov 2018 | Bojangles’, Inc. | Durational Capital, The Jordan Company, The Jordan Company, The Jordan Company, L.P.; Durational Capital Management LP | $754M | 1.4x | 11.1x | Financial |
| Sep 2018 | Sonic Corp. | Inspire Brands | $2.3B | - | 16.1x | Strategic |
| Aug 2018 | Zoe’s Kitchen, Inc. | Cava Group, Inc. | $298M | - | 16.3x | Strategic |
| Aug 2018 | Jamba | FOCUS Brands | $198M | 2.5x | 13.5x | Strategic |
| Aug 2018 | Costa Limited | The Coca Cola Company | - | - | 16.4x | Strategic |
| May 2018 | Barteca Restaurant Group, LLC | Del Frisco’s Restaurant Group, Inc. | - | - | 18.0x | Strategic |
| May 2018 | Pret A Manger Ltd | JAB Holdings | - | - | 15.0x | Strategic |
| Mar 2018 | Bravo Brio Restaurant Group, Inc. (nka: FoodFirst Global Restaurants, Inc.) | Spice Private Equity | $101M | - | 6.1x | Financial |
| Feb 2018 | Fogo de Chão, Inc. | Rhone Capital, L.L.C. | - | - | 10.2x | Financial |
| Jan 2018 | Keg Restaurants Ltd. | Cara Operations Limited | - | 0.9x | 17.2x | Strategic |
| Dec 2017 | Qdoba Restaurant Corporation | Apollo Global Management | $305M | - | 5.3x | Financial |
| Nov 2017 | Bento Inc. | YO! Sushi Group Ltd. | - | - | 9.9x | Strategic |
| Nov 2017 | Buffalo Wild Wings, Inc. | Arby’s Restaurant Group, Inspire Brands (Arby’s Restaurant Group) | - | - | 10.8x | Strategic |
| Oct 2017 | Ruby Tuesday, Inc. | NRD Capital, NRD Capital Management | - | - | 5.0x | Financial |
| Sep 2017 | Cafe Rio Mexican Grill | Freeman Spogli & Co. | $280M | - | 13.2x | Financial |
| Mean | 1.5x | 11.9x | ||||
| Median | 1.3x | 11.0x |
All Observations
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 | FY22 Results Media Release | - | 2022 | $147M | - | 10.1x | - | Initial purchase price of MYR 660m; 10.1x FY22 (June YE) normalised EBITDA pre-IFRS16. Excludes earnout of up to MYR 440m. USD:MYR FX 4.49 | Open |