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Deal Detail
RONA, INC. to Lowe's Companies, Inc.
EV / LTM EBITDA
12.1x
EV / LTM Sales
-
Enterprise Value
$2.3B
Primary Source
Goldman Sachs
Comparable Transactions
General Retail transactions announced in the five years to February 2016. 24 with a disclosed multiple.
| Date | Target | Acquiror | Enterprise Value | EV/Sales | EV/EBITDA | Type |
|---|---|---|---|---|---|---|
| Nov 2015 | Sleepy's | Mattress Firm Inc. | - | - | 10.9x | Strategic |
| Nov 2015 | Petco Animal Supplies, Inc. | CVC Capital and CPPIB, CVC Capital Partners Limited and Canada Pension Plan Investment Board, CVC/CPP Investments | $4.6B | - | 8.6x | Financial |
| Oct 2015 | Rite Aid | Walgreens Alliance Boots | $17.2B | - | 13.0x | Strategic |
| Aug 2015 | Belk, Inc. | Sycamore Partners | $2.8B | - | 6.9x | Financial |
| Jul 2015 | Books-A-Million, Inc. | Take Private | - | - | 3.2x | Strategic |
| Jun 2015 | Nebraska Book Co. | Follett Corporation | - | - | 5.1x | Strategic |
| May 2015 | Accent Group | RCG Corporation | $155M | - | 7.5x | Strategic |
| Dec 2014 | PetSmart, Inc. | BC Partners, BC Partners, Inc., La Caisse de depot et placement du Quebec, Longview Asset Management, StepStone, Buyer Group led by BC Partners, Inc. | $8.7B | - | 9.1x | Financial |
| Sep 2014 | Bluestem Brands, Inc. | Capmark Financial Group Inc. | $600M | - | 6.3x | Strategic |
| Jul 2014 | Family Dollar Stores, Inc. | Dollar Tree | $9.2B | - | 11.3x | Strategic |
| Nov 2013 | Jos. A. Bank Clothiers, Inc. | Men's Wearhouse Inc., The Men's Wearhouse, Inc. | - | - | 10.5x | Strategic |
| Oct 2013 | General Parts Inc. | Advance Auto Parts Inc. | - | - | 8.8x | Strategic |
| Sep 2013 | Neiman Marcus Group, Inc. | Ares Management LLC and Canada Pension Plan Investment Board, Ares Management, CPPIB, CPPIB & Ares | $6.1B | 1.3x | 9.1x | Financial |
| Sep 2013 | The Yankee Candle Company, Inc. | Jarden Corporation | - | - | 8.5x | Strategic |
| Jul 2013 | Saks Incorporated | Hudson Bay Company (HBC) | $2.9B | 0.9x | 10.9x | Strategic |
| Jul 2013 | Shoppers Drug Market Corporation | Loblaw Companies Limited | - | - | 11.3x | Strategic |
| Feb 2013 | Office Max Inc. | Office Depot, Inc. | $1.8B | - | 12.2x | Strategic |
| Nov 2012 | The Brick Ltd. | Leon's Furniture Limited | $800M | - | 7.1x | Strategic |
| Nov 2012 | Oriental Trading Company, Inc. | Berkshire Hathaway Inc. | $500M | - | 7.1x | Strategic |
| Jun 2012 | Alliance Boots GmbH | Walgreen Company | $30.8B | - | 12.1x | Strategic |
| May 2012 | Cost Plus Inc. | Bed Bath & Beyond Inc. | $700M | - | 12.7x | Strategic |
| May 2012 | Charming Shoppes, Inc. | Ascena Retail Group | $800M | - | 9.9x | Strategic |
| Feb 2012 | Pep Boys | The Gores Group | $1.0B | - | 6.1x | Strategic |
| Oct 2011 | 99 Cents Only Stores | Ares Management, Ares Management LLC and the Canada Pension Plan Investment Board | - | - | 9.0x | Financial |
| Mean | - | 9.0x | ||||
| Median | - | 9.1x |
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 | fairness opinion | HSN FO | Goldman Sachs | 2017 | $2.3B | - | 12.1x | - | https://www.sec.gov/Archives/edgar/data/1434729/000110465917063169/a17-17148_8ex99dc17.htm#Exhibitc17CONFIDENTIALBoardofDir_125353 | Open | |
| - | fairness opinion | SPLS FO | Barclays | 2017 | - | - | 12.7x | - | - | Open |