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Deal Detail

Keurig Green Mountain, Inc. to JAB Holding / Mondelez, JAB Holding Company

BeveragesNon-Alcoholic/Dec 2015
EV / LTM EBITDA
13.5x
EV / LTM Sales
-
Enterprise Value
-
Primary Source
Lazard

Comparable Transactions

Beverages transactions announced in the five years to December 2015. 11 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Nov 2015Ballast Point Brewing & Spirits, Inc.Constellation Brands--16.8xStrategic
Nov 2015MillerCoors LLC (58% stake)Molson Coors Brewing Company--11.5xStrategic
Aug 2015SABMiller plcAnheuser-Busch InBev NV, Anheuser-Busch InBev SA/NV--16.3xStrategic
Jul 2014Apple & Eve, LLCLassonde Industries Inc.$150M0.8x9.9xStrategic
Jan 2014Oriental Brewery Co. Ltd.Anheuser-Busch InBev SA/NV--11.6xStrategic
Jan 2014Beam Inc.Suntory Holdings Limited--20.3xStrategic
Jul 2013Oy Hartwall AbRoyal Unibrew A/S--8.8xStrategic
Apr 2013D.E. Master Blenders 1753 N.V.JAB Holdings, Joh. A. Benckiser--18.3xStrategic
Jun 2012Grupo Modelo, S.A.B. de C.V. (49.7% stake)Anheuser-Busch InBev SA/NV--12.9xStrategic
Sep 2011Foster's Group Pty. Ltd.SABMiller plc--14.5xStrategic
Jun 2011Clement Pappas & Co.Lassonde Industries--6.7xStrategic
Mean-13.4x
Median-12.9x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionK FOLazard2024--13.5x--Open
-fairness opinionSODA FOPerella Weinberg2018--13.2x--Open
-fairness opinionBUFF FOCenterview2018--13.3x--Open
-fairness opinionWWAV FOGoldman Sachs2016--13.3x--Open
-fairness opinionMJN FOGoldman Sachs2016--12.7x--Open
-fairness opinionK FOLazard---13.5x--Open