Deal Detail

Souza Cruz (24.7%) to BAT

Tobacco/Feb 2015

EV / LTM EBITDA

16.0x

EV / LTM Sales

Enterprise Value

$14.2B

Primary Source

JPMorgan

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	RAI FO	JPMorgan	2017	$14.2B	-	16.0x	-	-	Open
-	fairness opinion	RAI FO	Goldman Sachs	2017	$14.2B	-	16.0x	-	-	Open
-	fairness opinion	RAI FO	Lazard	2017	$13.7B	-	15.1x	-	-	Open