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Deal Detail

PetSmart, Inc. to BC Partners, BC Partners, Inc., La Caisse de depot et placement du Quebec, Longview Asset Management, StepStone, Buyer Group led by BC Partners, Inc.

General RetailSpecialty/Dec 2014
EV / LTM EBITDA
9.1x
EV / LTM Sales
-
Enterprise Value
$8.7B
Primary Source
Evercore

Comparable Transactions

General Retail transactions announced in the five years to December 2014. 19 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Sep 2014Bluestem Brands, Inc.Capmark Financial Group Inc.$600M-6.3xStrategic
Jul 2014Family Dollar Stores, Inc.Dollar Tree$9.2B-11.3xStrategic
Nov 2013Jos. A. Bank Clothiers, Inc.Men's Wearhouse Inc., The Men's Wearhouse, Inc.--10.5xStrategic
Oct 2013General Parts Inc.Advance Auto Parts Inc.--8.8xStrategic
Sep 2013Neiman Marcus Group, Inc.Ares Management LLC and Canada Pension Plan Investment Board, Ares Management, CPPIB, CPPIB & Ares$6.1B1.3x9.1xFinancial
Sep 2013The Yankee Candle Company, Inc.Jarden Corporation--8.5xStrategic
Jul 2013Saks IncorporatedHudson Bay Company (HBC)$2.9B0.9x10.9xStrategic
Jul 2013Shoppers Drug Market CorporationLoblaw Companies Limited--11.3xStrategic
Feb 2013Office Max Inc.Office Depot, Inc.$1.8B-12.2xStrategic
Nov 2012The Brick Ltd.Leon's Furniture Limited$800M-7.1xStrategic
Nov 2012Oriental Trading Company, Inc.Berkshire Hathaway Inc.$500M-7.1xStrategic
Jun 2012Alliance Boots GmbHWalgreen Company$30.8B-12.1xStrategic
May 2012Cost Plus Inc.Bed Bath & Beyond Inc.$700M-12.7xStrategic
May 2012Charming Shoppes, Inc.Ascena Retail Group$800M-9.9xStrategic
Feb 2012Pep BoysThe Gores Group$1.0B-6.1xStrategic
Oct 201199 Cents Only StoresAres Management, Ares Management LLC and the Canada Pension Plan Investment Board--9.0xFinancial
Dec 2010Jo-Ann Stores, Inc.Leonard Green, Leonard Green & Partners, L.P.$1.5B-7.3xFinancial
Nov 2010J.Crew Group, Inc.Leonard Green, TPG$2.7B-8.6xFinancial
Feb 2010Duane Reade, Inc.Walgreen Company$1.1B-11.4xStrategic
Mean-9.5x
Median-9.1x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionFL FOEvercore2025$8.7B-9.1x--Open
-fairness opinionHSN FOGoldman Sachs2017$8.7B-9.1x-https://www.sec.gov/Archives/edgar/data/1434729/000110465917063169/a17-17148_8ex99dc17.htm#Exhibitc17CONFIDENTIALBoardofDir_125353Open
-fairness opinionSPLS FOBarclays2017--8.9x--Open