Deal Detail

TriMark USA to Centerbridge Partners, L.P.

EV / LTM EBITDA

10.8x

EV / LTM Sales

Enterprise Value

$1.4B

Primary Source

Barclays

Comparable Transactions

Food Distribution transactions announced in the five years to August 2017. 4 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Apr 2017	Unified Grocers, Inc.	Supervalu Inc.	$390M	-	11.1x	Strategic
Feb 2016	Brakes Group	Sysco Corporation	$3.1B	-	11.9x	Strategic
Dec 2013	US Foods	Sysco Corporation	$8.2B	-	9.9x	Strategic
Jul 2013	Nash Finch Company	Spartan Stores, Inc.	$782M	-	6.6x	Strategic
	Mean			-	9.9x
	Median			-	10.5x

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	CORE FO	Barclays	2021	$1.4B	-	10.8x	-	Wholesale to retail channel	Open