Deal Detail

HD Supply Holdings, Inc. to Home Depot, Inc.

EV / LTM EBITDA

16.1x

EV / LTM Sales

Enterprise Value

$8.0B

Primary Source

William Blair

Comparable Transactions

Industrials transactions announced in the five years to November 2020. 13 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Nov 2020	Foundation Building Materials, Inc.	American Securities LLC	-	-	8.3x	Financial
Sep 2020	Windy City Wire Cable & Technology Products LLC	Diploma PLC	$450M	-	10.1x	Strategic
Aug 2020	White Cap	Clayton, Dubilier & Rice, LLC	-	-	8.7x	Financial
Nov 2018	Cooper-Standard Holdings Inc. (Anti-Vibration Systems business)	Continental Aktiengesellschaft	$300M	-	9.0x	Strategic
Sep 2018	Nexeo Solutions, Inc.	Univar Inc.	-	-	9.6x	Strategic
Sep 2018	Magna International Inc. (Fluid Pressure & Controls business)	Hanon Systems Co., Ltd.	$1.2B	-	7.0x	Strategic
Apr 2018	Federal-Mogul Corporation	Tenneco Inc.	$5.4B	-	7.2x	Strategic
Aug 2017	Futuris Global Holdings, LLC	Adient PLC	$400M	-	7.0x	Strategic
Jun 2017	Waterworks Operating Agreement LLC	CD&R	-	-	10.5x	Financial
Nov 2016	Metaldyne Performance Group Inc.	American Axle & Manufacturing Holdings Inc.	$3.3B	-	6.5x	Strategic
Aug 2016	L&W Supply Corporation	ABC Supply Co., Inc.	-	-	12.9x	Strategic
Aug 2016	Emerson Electric Co. (Motors, Drives and Electric Power Generation businesses)	Nidec Corporation	$1.2B	-	6.9x	Strategic
Mar 2016	Nexeo Solutions, Inc.	WL Ross Holding Corp.	-	-	8.9x	Financial
	Mean			-	8.7x
	Median			-	8.7x

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	fairness opinion	DSGR FO	William Blair	2026	$8.0B	-	16.1x	-	-	Open