Deal Detail

Smart & Final Inc. to Apollo Global Management, LLC

EV / LTM EBITDA

10.5x

EV / LTM Sales

Enterprise Value

Primary Source

Evercore

Comparable Transactions

Grocery Retail transactions announced in the five years to February 2007. 3 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Feb 2007	Wild Oats Marketplace	Whole Foods	-	-	15.3x	Strategic
Apr 2006	Marsh Supermarkets Inc.	Sun Capital Partners, Inc.	-	-	8.9x	Financial
Jan 2006	Albertsons Companies, Inc.	SuperValu Inc.	-	-	7.0x	Strategic
	Mean			-	10.4x
	Median			-	8.9x

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	WFM FO	Evercore	2017	-	-	10.5x	-	-	Open