M&A Transaction Multiples - Thales Alenia Space Antwerp

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EPSILON M&A DEAL REPORT

Transaction Multiples for the Valuation of Private Companies

Thales Alenia Space Antwerp - Valuation Multiples - Telecommunications equipment
<br />
Aerospace & Defence
<br />
Mobile & Wireless Telecom Services

OHB Technology / Thales Alenia Space Antwerp

No EMAT : 27431

Announced Date : 19/07/2010

Type : Acquisition of Majority Stake

Deal Value : Yes

Acquirer : OHB Technology

Target : Thales Alenia Space Antwerp

Country : Belgium

Sector of activity :

Technology Hardware & Electronic Equipment > Telecommunications equipment
Transport Equipment & Manufacturers > Aerospace & Defence
Telecommunication services > Mobile & Wireless Telecom Services

Business Description :

Thales Alenia Space Antwerp N.V. provides expertise and system solutions for broadband access systems via satellites, satellite ground control stations for the reception of data from observation...

Transaction multiples available

	EV/ Sales	EV/ Gross Profit	EV/ EBITDA	EV/ EBIT	Eq/ PBT	P/E	Price to Book	Specific multiple(s)
Historic		-	n.s.	n.s.	n.s.	n.s.	n.s.	-
Current		-	n.s.	n.s.	n.s.	n.s.

Rating :

	Multiple available
n.s.	Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

Number of EMAT Reports / sub-sector « Telecommunications equipment » = 60
Number of EMAT Reports / sub-sector « Aerospace & Defence » = 43
Number of EMAT Reports / sub-sector « Mobile & Wireless Telecom Services » = 64

Example of comparable transactions on EMAT (same sub-sector):

02/03/2010

Pace (formerly Pace Micro Technology Plc)

Bewan Systems

France

20925

03/02/2010

Private Group led by BECAP Fund LP

Gardner Group (Gardner Aerospace)

England

21071

Source: Epsilon Research / EMAT