Deal Detail

Smith & Wollensky Restaurant Group to Patina Restaurant Group

EV / LTM EBITDA

12.1x

EV / LTM Sales

Enterprise Value

$103M

Primary Source

Piper Sandler

Comparable Transactions

Restaurants transactions announced in the five years to May 2007. 1 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
May 2007	OSI Restaurant Partners	Bain Capital Partners, Catterton Management	$3.5B	-	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	DFRG FO	Piper Sandler	2019	$103M	-	12.1x	-	Before preop exp. and SBC; 12.5x after	Open
	-	fairness opinion	DFRG FO	Piper Sandler	2019	$103M	-	12.1x	-	Piper Sandler precedent table (DFRG DEFA14A supplement, filed 2019-08-26); before PO & SBC, 12.5x after	Open