Deal Detail

Elemis Ltd to L'Occitane International S.A.

EV / LTM EBITDA

22.6x

EV / LTM Sales

6.4x

Enterprise Value

$900M

Primary Source

Company Release

Comparable Transactions

HHP/Pers Care transactions announced in the five years to January 2019. 2 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Jul 2017	Waterpik	Church & Dwight	$1.0B	3.8x	12.5x	Strategic
Jun 2016	Elizabeth Arden, Inc.	Revlon, Inc.	-	-	34.3x	Strategic

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	$900M	6.4x	22.6x	-	Multiples based on 2018E Net sales of $140.2m and EBITDA of $39.9m, as disclosed by L'Occitane.	Open