Deal Detail

Simmons Company to Thomas H. Lee Partners

EV / LTM EBITDA

10.9x

EV / LTM Sales

Enterprise Value

$1.0B

Primary Source

Perella Weinberg

Comparable Transactions

Home & Office Furnishings transactions announced in the five years to November 2003. 3 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Nov 2002	Aero Products International, Inc.	Investcorp Bank B.S.C.	$232M	-	7.5x	Financial
Oct 2002	Tempur-Pedic International Inc.	TA Associates Inc.	$390M	-	6.8x	Financial
Jun 2000	Crescent Sleep Products Company	Sleepmaster L.L.C.	$127M	-	13.6x	Financial
	Mean			-	9.3x
	Median			-	7.5x

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	ZZ FO	Perella Weinberg	2013	$1.0B	-	10.9x	-	Resolved deal. Cited in the Sealy/Tempur-Pedic fairness opinion, Perella Weinberg table. Largest single-transaction disagreement with Citigroup in that filing (1.8x).	Open
	-	fairness opinion	ZZ FO	Citi	2013	-	-	9.1x	-	Resolved deal. Cited in the Sealy/Tempur-Pedic fairness opinion, Citigroup table.	Open