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

All Observations

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	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