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Deal Detail

Fresh Express Unit of Performance Food Group to Chiquita Brands International

Packaged FoodsFresh & Produce/Feb 2005
EV / LTM EBITDA
10.7x
EV / LTM Sales
-
Enterprise Value
$855M
Primary Source
Lazard

Comparable Transactions

Packaged Foods transactions announced in the five years to February 2005. 11 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Feb 2005Mellin S.p.ARoyal Numico N.V.--13.8xStrategic
Feb 2005Fresh ExpressChiquita--9.4xStrategic
May 2004Everfresh (60%)Fyffes plc$75M-6.4xStrategic
Apr 2004J.R. WoodDole Food Co.--7.3xStrategic
Nov 2003Sylvan Inc.Snyder Associated Companies$100M-8.3xStrategic
Dec 2002Dole Food CompanyDavid H. Murdock$2.3B-6.2xFinancial
Aug 2001Fresh ExpressPerformance Food Group$303M-7.2xStrategic
Jan 2001Ralston Purina CompanyNestle S.A.--15.7xStrategic
Jan 2001IBP, Inc.Tyson Foods, Inc.--7.3xStrategic
Dec 2000Quaker Oats CompanyPepsiCo Inc.--15.6xStrategic
Jun 2000Bestfoods CorporationUnilever plc--14.3xStrategic
Mean-10.1x
Median-8.3x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionCQB FOLazard2014$855M-10.7x-Chiquita reported an implied multiple of 9.4x based on 2004 actual EBITDA prior to deduction of $10 million in corporate costs.Open