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Deal Detail

Rothmans Inc. to Philip Morris International

Tobacco/Jul 2008
EV / LTM EBITDA
9.7x
EV / LTM Sales
-
Enterprise Value
$1.9B
Primary Source
JPMorgan

Comparable Transactions

Tobacco transactions announced in the five years to July 2008. 9 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Feb 2008Tekel (Cigarette business)BAT$1.7B-11.4xStrategic
Feb 2008Skandinavisk Tobakskompagni A/SBAT$4.1B-11.2xStrategic
Nov 2007John Middleton, Inc.Altria Group, Philip Morris USA$2.9B-15.8xStrategic
Jul 2007Altadis S.A.Imperial Brands, Imperial Brands PLC, Imperial Tobacco Group p.l.c.$22.6B-14.1xStrategic
Feb 2007Commonwealth Brands, Inc.Imperial Brands, Imperial Tobacco Group p.l.c.$1.9B-10.9xStrategic
Jan 2007Lakson Tobacco Co. Ltd.Philip Morris International$675M-14.8xStrategic
Dec 2006Gallaher Group PLCJapan Tobacco Inc.$18.9B-13.0xStrategic
Apr 2006Conwood CompanyRAI$3.5B-13.6xStrategic
Mar 2005PT HM Sampoerna TbkPhilip Morris International$5.1B-13.9xStrategic
Mean-13.2x
Median-13.6x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionRAI FOJPMorgan2017$1.9B-9.7x--Open
-fairness opinionRAI FOLazard2017$2.0B-9.6x--Open
-fairness opinionRAI FOLazard2017$2.0B-9.6x--Open
-fairness opinionLO FOBarclays2014$3.3B5.0x9.9x--Open