Deal Detail

Royal Grolsch N.V. to SABMiller plc

EV / LTM EBITDA

14.4x

EV / LTM Sales

Enterprise Value

Primary Source

Goldman Sachs

Comparable Transactions

Beverages transactions announced in the five years to November 2007. 2 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
May 2007	Vitaminwater	Coca-Cola Company	-	-	19.7x	Strategic
May 2007	Van Houtte	Littlejohn Fund III, Fonds de Solidarite	-	-	8.1x	Financial

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	BREW FO	Goldman Sachs	2019	-	-	14.4x	-	-	Open