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Deal Detail

Pinnacle Foods Group Inc. to The Blackstone Group L.P.

Packaged FoodsCenter Store/Feb 2007
EV / LTM EBITDA
10.5x
EV / LTM Sales
1.6x
Enterprise Value
-
Primary Source
Fairness Opinion

Comparable Transactions

Packaged Foods transactions announced in the five years to February 2007. 17 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Dec 2006Novartis Medical NutritionNestlé Group--17.6xStrategic
Oct 2006Otis Spunkmeyer, Inc.IAWS Group, plc-1.6x11.7xStrategic
Sep 2006Premium Standard Farms, Inc.Smithfield Foods, Inc.--6.0xStrategic
Aug 2006European Frozen Foods Division of Unilever plcPermira Advisors Ltd.$2.2B-9.9xFinancial
Jul 2006ConAgra Foods, Inc. Branded Meats BusinessSmithfield Foods, Inc.--5.8xStrategic
Jul 2006Chiquita Brands South Pacific LimitedTradefresh Pty Ltd$130M-8.7xStrategic
Jun 2006Sara Lee Corp. European Meat BusinessSmithfield Foods, Inc.--6.0xStrategic
Nov 2005EAC NutritionRoyal Numico N.V.--25.0xStrategic
Oct 2005Bolthouse Farms (57%)Madison Dearborn Partners$1.1B-9.3xFinancial
Feb 2005Mellin S.p.ARoyal Numico N.V.--13.8xStrategic
Feb 2005Fresh Express Unit of Performance Food GroupChiquita Brands International$855M-10.7xStrategic
May 2004Everfresh (60%)Fyffes plc$75M-6.4xStrategic
Apr 2004J.R. WoodDole Food Co.--7.3xStrategic
Nov 2003Sylvan Inc.Snyder Associated Companies$100M-8.3xStrategic
Dec 2002Dole Food CompanyDavid H. Murdock$2.3B-6.2xFinancial
Dec 2002Adams Confectionary Business of Pfizer Inc.Cadbury Schweppes plc$3.8B-12.8xStrategic
Aug 2002Chef America, Inc.Nestlé S.A.$2.6B-14.5xStrategic
Mean-10.6x
Median-9.3x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
PrimaryFairness OpinionRAH FOBarclays2013-1.6x10.5x--Open
-Fairness OpinionHSH FOCenterview2014--11.0x--Open
-Fairness OpinionHNZ FOMoelis2013$2.1B-8.9x--Open
-Fairness OpinionRAH FOGoldman Sachs2013-1.6x10.5x--Open