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Deal Detail

Royal Numico N.V. to Danone, Groupe Danone S.A.

Packaged FoodsCenter Store/Jul 2007
EV / LTM EBITDA
24.3x
EV / LTM Sales
-
Enterprise Value
-
Primary Source
Centerview

Comparable Transactions

Packaged Foods transactions announced in the five years to July 2007. 18 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jul 2007Wight Salads Group (70%)RAR Group$41M-5.7xStrategic
Jul 2007Danone BiscuitsKraft Foods Group, Inc.--13.3xStrategic
May 2007Swift & Co.JBS S.A.--7.7xStrategic
Apr 2007Gerber Products CompanyNestlé--15.7xStrategic
Dec 2006Novartis Medical NutritionNestlé Group--17.6xStrategic
Sep 2006Premium Standard Farms, Inc.Smithfield Foods, Inc.--6.0xStrategic
Jul 2006ConAgra Foods, Inc. Branded Meats BusinessSmithfield Foods, Inc.--5.8xStrategic
Jul 2006Chiquita Brands South Pacific LimitedTradefresh Pty Ltd$130M-8.7xStrategic
Jun 2006Sara Lee Corp. European Meat BusinessSmithfield Foods, Inc.--6.0xStrategic
Nov 2005EAC NutritionRoyal Numico N.V.--25.0xStrategic
Oct 2005Bolthouse Farms (57%)Madison Dearborn Partners$1.1B-9.3xFinancial
Feb 2005Mellin S.p.ARoyal Numico N.V.--13.8xStrategic
Feb 2005Fresh Express Unit of Performance Food GroupChiquita Brands International$855M-10.7xStrategic
Feb 2005Fresh ExpressChiquita--9.4xStrategic
May 2004Everfresh (60%)Fyffes plc$75M-6.4xStrategic
Apr 2004J.R. WoodDole Food Co.--7.3xStrategic
Nov 2003Sylvan Inc.Snyder Associated Companies$100M-8.3xStrategic
Dec 2002Dole Food CompanyDavid H. Murdock$2.3B-6.2xFinancial
Mean-10.2x
Median-8.5x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionBUFF FOCenterview2018--24.3x--Open
-fairness opinionBUFF FOJPMorgan2018--24.3x--Open
-fairness opinionMJN FOGoldman Sachs2016--24.4x--Open
-fairness opinionWWAV FOGoldman Sachs2016--21.3x--Open