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Deal Detail

Gallaher Group PLC to Japan Tobacco Inc.

Tobacco/Dec 2006
EV / LTM EBITDA
13.0x
EV / LTM Sales
-
Enterprise Value
$18.9B
Primary Source
JPMorgan

Comparable Transactions

Tobacco transactions announced in the five years to December 2006. 4 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Apr 2006Conwood CompanyRAI$3.5B-13.6xStrategic
Mar 2005PT HM Sampoerna TbkPhilip Morris International$5.1B-13.9xStrategic
Jul 2003Ente Tabacchi Italiani SpABAT$2.7B3.3x11.8xStrategic
Mar 2002Reemtsma Cigarettenfabriken GmbHImperial Tobacco Group p.l.c.$5.1B-13.4xStrategic
Mean-13.2x
Median-13.5x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionRAI FOJPMorgan2017$18.9B-13.0x--Open
-fairness opinionRAI FOLazard2017$19.0B-12.8x--Open
-fairness opinionRAI FOGoldman Sachs2017$18.5B-13.0x--Open
-fairness opinionRAI FOLazard2017$19.0B-12.8x--Open
-fairness opinionLO FOBarclays2014$19.1B3.7x13.3x--Open