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Deal Detail
PizzaVest Company Limited (Domino's Taiwan) to Domino's Pizza Enterprises Ltd
EV / LTM EBITDA
16.5x
EV / LTM Sales
-
Enterprise Value
$61M
Primary Source
Press Release
Comparable Transactions
Restaurants transactions announced in the five years to June 2021. 32 with a disclosed multiple.
| Date | Target | Acquiror | Enterprise Value | EV/Sales | EV/EBITDA | Type |
|---|---|---|---|---|---|---|
| Jun 2021 | Global Franchise Group | FAT Brands Inc. | - | - | 11.1x | Strategic |
| Oct 2020 | Dunkin' Brands Group, Inc. | Inspire Brands (Roark Capital) | $11.6B | - | 25.3x | Financial |
| Jan 2020 | The Habit Restaurants, Inc. | Yum! Brands, Inc. | $385M | - | 11.8x | Strategic |
| Nov 2019 | Patton Wings, Inc. | ICV Partners, LLC | - | 1.1x | 10.3x | Strategic |
| Nov 2019 | Diversified Restaurant Holdings, Inc. | ICV Partners IV, L.P.; ICV Partners, LLC | - | - | 9.5x | Financial |
| Jun 2019 | Del Frisco’s Restaurant Group, Inc. | L Catterton | $650M | - | 12.3x | Financial |
| Apr 2019 | Papa Murphy's Holdings, Inc. | MTY Food Group | $190M | 1.5x | 8.5x | Strategic |
| Dec 2018 | Restaurant Brands New Zealand Limited | Finaccess Capital | $918M | - | 14.1x | Strategic |
| Nov 2018 | Global Franchise Group | Lion Capital, Serruya Private Equity | $400M | - | 8.6x | Financial |
| Nov 2018 | Bojangles’, Inc. | Durational Capital, The Jordan Company | $754M | 1.4x | 10.3x | Financial |
| Sep 2018 | Sonic Corp. | Inspire Brands | $2.3B | 5.3x | 15.3x | Strategic |
| Aug 2018 | Zoe’s Kitchen, Inc. | Cava Group, Inc. | $298M | - | 16.3x | Strategic |
| Aug 2018 | Jamba | FOCUS Brands | $198M | 2.5x | 13.5x | Strategic |
| Aug 2018 | Costa Limited | The Coca Cola Company | - | - | 16.4x | Strategic |
| May 2018 | Barteca Restaurant Group, LLC | Del Frisco’s Restaurant Group, Inc. | - | - | 18.0x | Strategic |
| May 2018 | Pret A Manger Ltd | JAB Holdings | - | - | 15.0x | Strategic |
| Mar 2018 | Bravo Brio Restaurant Group, Inc. (nka: FoodFirst Global Restaurants, Inc.) | Spice Private Equity | $101M | - | 6.1x | Financial |
| Feb 2018 | Fogo de Chão, Inc. | Rhone Capital, L.L.C. | - | - | 10.2x | Financial |
| Jan 2018 | Keg Restaurants Ltd. | Cara Operations Limited | - | 0.9x | 17.2x | Strategic |
| Dec 2017 | Qdoba Restaurant Corporation | Apollo Global Management | $305M | - | 5.3x | Financial |
| Nov 2017 | Buffalo Wild Wings, Inc. | Arby’s Restaurant Group | $2.9B | 1.4x | 10.8x | Strategic |
| Nov 2017 | Bento Inc. | YO! Sushi Group Ltd. | - | - | 9.9x | Strategic |
| Oct 2017 | Ruby Tuesday, Inc. | NRD Capital, NRD Capital Management | - | - | 5.0x | Financial |
| Sep 2017 | Cafe Rio Mexican Grill | Freeman Spogli & Co. | $280M | - | 13.2x | Financial |
| Apr 2017 | Panera Bread Company | JAB Holdings Company | $7.5B | 2.7x | 18.3x | Strategic |
| Mar 2017 | Cheddar's Scratch Kitchen | Darden Restaurants, Darden Restaurants, Inc. | - | - | 10.4x | Strategic |
| Mar 2017 | Checkers Drive-In Restaurants, Inc. | Oak Hill Capital Partners | $525M | - | 11.0x | Financial |
| Feb 2017 | Popeye’s Louisiana Kitchen | Restaurant Brands International | $1.8B | - | 20.9x | Strategic |
| Jan 2017 | Bob Evans Restaurants | Golden Gate Capital | - | - | 6.5x | Financial |
| Oct 2016 | Pacific Island Restaurants | Restaurant Brands New Zealand | $105M | - | 7.6x | Strategic |
| Aug 2016 | 75% of Domino's Pizza Japan | Domino's Pizza Enterprises Ltd. | $273M | - | 10.4x | Strategic |
| Jul 2016 | 34.3% of AmRest Holdings | Finaccess | $1.7B | - | 13.5x | Strategic |
| Mean | 2.1x | 12.3x | ||||
| Median | 1.5x | 11.1x |
All Observations
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 | press release | Press Release | - | 2021 | $61M | - | 16.5x | - | EV is NT$1.7bn (A$79m) consideration on a cash and debt free basis. Multiple derived on FY20 (Dec-20) EBITDA of NT$103m under current ownership, unsynergized. USD:AUD FX 1.29 | Open |