Bai Brands LLC acquired by Dr Pepper Snapple Group, Inc.
Dr Pepper Snapple Group, Inc. acquired Bai Brands LLC, a US beverages brand, on Jan 31, 2017.
Transaction summary
- Target
- Bai Brands LLC
- Acquirer
- Dr Pepper Snapple Group, Inc.
- Seller
- -
- Announced
- 2016-11-22
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 97%
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 1.7B
100% enterprise value | USD
Basis: Derived from source data
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
4.11x
Period: 2017E Target Net Sales
Basis: Derived from source data
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 1.7B
Announced USD1.7bn cash for remaining97.37%; later preliminary purchase price USD1.636bn net of prior interest, separate accounting basis.
Basis
- Dr Pepper Snapple Group announced USD 1.7bn cash for the remaining Bai interests. Its 2017 Form 10-K discloses a prior 2.63% ownership, so the acquired fraction was 97.37%. USD 1.7bn / 0.9737 gives an estimated 100% enterprise value of approximately USD 1.746bn; the USD 1.7bn consideration is shown separately. The earlier USD 15m investment is not added to this price. The later preliminary purchase price of USD 1.636bn net of the previous interest is a different accounting measure. DPS expected 2017 net sales of approximately USD 425m; USD 1.746bn / USD 425m gives approximately 4.11x forecast revenue. EBITDA is unknown.
Source summary
Dr Pepper Snapple Group to Acquire Bai Brands, LLC
ConfirmedThe cash purchase price of $1.7 billion includes a tax benefit of approximately $400 million
Open sourceDr Pepper Snapple Group to Acquire Bai Brands, LLC
ConfirmedIt is expected to generate approximately $425 million in net sales in 2017
Open sourceDr Pepper Snapple Group Form 8-K, November 2016
ConfirmedBai surviving as a wholly-owned indirect subsidiary of the Company
Open sourceDr Pepper Snapple Group Form 8-K, Completion of Bai Acquisition
Confirmedcompleted its previously announced acquisition of Bai Brands LLC
Open sourceDr Pepper Snapple Group 2016 Form 10-K
Confirmedwe agreed to acquire the remaining equity interests in Bai Brands for an aggregate purchase price of $1.7 billion
Open sourceDPS2017 Form10-K Bai acquisition note
Confirmedour existing 2.63% equity interest in Bai Brands was remeasured
Open sourceContinue your research
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