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Deal Detail

SABMiller plc to Anheuser-Busch InBev NV, Anheuser-Busch InBev SA/NV

BeveragesAlcoholic/Aug 2015
EV / LTM EBITDA
16.3x
EV / LTM Sales
-
Enterprise Value
-
Primary Source
Goldman Sachs

Comparable Transactions

Beverages transactions announced in the five years to August 2015. 10 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jul 2014Apple & Eve, LLCLassonde Industries Inc.$150M0.8x9.9xStrategic
Jan 2014Oriental Brewery Co. Ltd.Anheuser-Busch InBev SA/NV--11.6xStrategic
Jan 2014Beam Inc.Suntory Holdings Limited--20.3xStrategic
Jul 2013Oy Hartwall AbRoyal Unibrew A/S--8.8xStrategic
Apr 2013D.E. Master Blenders 1753 N.V.JAB Holdings, Joh. A. Benckiser--18.3xStrategic
Jun 2012Grupo Modelo, S.A.B. de C.V. (49.7% stake)Anheuser-Busch InBev SA/NV--12.9xStrategic
Sep 2011Foster's Group Pty. Ltd.SABMiller plc--14.5xStrategic
Jun 2011Clement Pappas & Co.Lassonde Industries--6.7xStrategic
Dec 2010Wimm-Bill-Dann FoodsPepsiCo, Inc.--16.2xStrategic
Sep 2010LJVH Holdings (Van Houtte)Green Mountain Coffee Roasters--11.3xStrategic
Mean-13.0x
Median-12.3x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionWWAV FOGoldman Sachs2016--16.3x--Open
-fairness opinionBREW FOGoldman Sachs2019--18.9x--Open
-fairness opinionMJN FOGoldman Sachs2016--16.1x--Open
-fairness opinionMJN FOGoldman Sachs2016--16.1x--Open