Deal Detail

Ranir Global Holdings LLC to Perrigo Company plc

EV / LTM EBITDA

EV / LTM Sales

2.6x

Enterprise Value

$750M

Primary Source

Company Release

Comparable Transactions

Consumer Health transactions announced in the five years to May 2019. 4 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Dec 2018	Nutrisystem, Inc.	Tivity Health, Inc.	$1.3B	-	12.6x	Strategic
Apr 2018	Merck KGaA (consumer health business)	The Procter & Gamble Company	$4.2B	-	19.5x	Strategic
May 2017	Nutraceutical International Corp.	HGGC LLC	-	-	9.2x	Strategic
Sep 2015	Swisse Wellness Pty Ltd.	Biostime Healthy Australia Pty Ltd.	$1.2B	-	10.2x	Strategic
	Mean			-	12.9x
	Median			-	11.4x

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	press release	Press Release	-	2019	$750M	2.6x	-	-	EV of $685m net of cash tax benefits on PV basis	Open