Dunkin' Brands Group, Inc. to Inspire Brands (Roark Capital)

Restaurants/Oct 2020/BofA

Deal Information

Target

Dunkin' Brands Group, Inc.

Acquiror

Inspire Brands (Roark Capital)

Sector

Restaurants

Target Type

Public

Acquiror Type

Financial

Advisors

BofA

Enterprise Value

$11.6B

EV / LTM Sales

EV / LTM EBITDA

25.3x

EV / Fwd EBITDA

Comparable transactions cited by the advisor, excluding the subject transaction.

EV/LTM EBITDA selected range: 16.0x - 21.0x

8 comps


-	Portillo's Restaurant Group, Inc.	Berkshire Partners LLC	-	-	14.3x	-
-	Tim Hortons Inc.	Burger King Worldwide Inc.	-	-	15.8x	14.9x
-	Krispy Kreme Doughnuts, Inc.	JAB Holding Company	-	-	18.1x	15.6x
-	Popeyes Louisiana Kitchen, Inc.	Restaurant Brands International Inc.	-	-	20.6x	19.0x
-	Panera Bread Company	JAB Holdings Company	-	-	17.8x	16.4x
-	Buffalo Wild Wings, Inc.	Arby's Restaurant Group, Inc.	-	-	10.7x	10.2x
-	Pret A Manger Ltd.	JAB Holding Company	-	-	15.0x	-
-	Sonic Corp.	Inspire Brands, Inc.	-	-	15.8x	15.3x
	Mean			-	16.0x	15.2x
	Median			-	15.8x	15.4x