Deal Detail

Tommy Hilfiger Corporation to Apax Partners LLP

EV / LTM EBITDA

6.3x

EV / LTM Sales

Enterprise Value

Primary Source

Fairness Opinion

Comparable Transactions

Luxury & Apparel transactions announced in the five years to December 2005. 6 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Nov 2004	Jimmy Choo PLC	Lion Capital LLP	-	-	13.5x	Financial
Oct 2004	Tumi, Inc.	Doughty Hanson & Co.	-	-	11.9x	Financial
Jun 2004	Maxwell Shoe Company Inc.	The Jones Group Inc.	-	-	8.0x	Strategic
Apr 2004	Harry Winston Inc. (51% stake)	Aber Diamond Corporation	-	-	10.5x	Strategic
Apr 2004	Vans, Inc.	VF Corporation	-	-	15.2x	Strategic
Jul 2003	Nautica Enterprises Inc.	V.F. Corporation	-	-	6.2x	Strategic
	Mean			-	10.9x
	Median			-	11.2x

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	Fairness Opinion	JNY FO	Citi	2014	-	-	6.3x	-	-	Open
-	Fairness Opinion	JNY FO	Solomon Partners	2014	-	0.8x	6.3x	-	-	Open
-	Fairness Opinion	JCG FO	Perella Weinberg	2011	$1.5B	-	7.9x	-	-	Open