Mergers & TribulationsTransaction Database
ContactSubscribe
Back to database

Deal Detail

Gryson NV to Japan Tobacco Inc.

Tobacco/May 2012
EV / LTM EBITDA
12.3x
EV / LTM Sales
-
Enterprise Value
$598M
Primary Source
Lazard

Comparable Transactions

Tobacco transactions announced in the five years to May 2012. 9 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jul 2011Haggar Cigarette & Tobacco FactoryJapan Tobacco Inc.$450M-9.9xStrategic
May 2011Productora Tabacalera de Colombia, S.A.S. (Protabaco)BAT$452M-11.3xStrategic
Jun 2009PT Bentoel Internasional Investama TbkBAT$744M-14.0xStrategic
Sep 2008UST Inc.Altria Group Inc.$11.7B-12.0xStrategic
Jul 2008Rothmans Inc.Philip Morris International$1.9B-9.7xStrategic
Feb 2008Tekel (Cigarette business)BAT$1.7B-11.4xStrategic
Feb 2008Skandinavisk Tobakskompagni A/SBAT$4.1B-11.2xStrategic
Nov 2007John Middleton, Inc.Altria Group, Philip Morris USA$2.9B-15.8xStrategic
Jul 2007Altadis S.A.Imperial Brands, Imperial Brands PLC, Imperial Tobacco Group p.l.c.$22.6B-14.1xStrategic
Mean-12.2x
Median-11.4x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionRAI FOLazard2017$598M-12.3x--Open
-fairness opinionRAI FOLazard2017$598M-12.3x--Open
-fairness opinionRAI FOGoldman Sachs2017$600M-12.3x--Open