Blackmores acquired by Kirin
Kirin agreed to acquire Blackmores, an Australian vitamins & supplements brand, on Apr 26, 2023.
Transaction summary
- Target
- Blackmores
- Acquirer
- Kirin
- Seller
- -
- Announced
- 2023-04-26
- Geography
- Australia
- Tags
- CPGSupplementsVitaminsVitamins & Supplements
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-06-19
- Latest update
- 2026-07-13
Value and multiples
Price / value
USD 1.2B
Enterprise Value | USD
Basis: Public source
EV / revenue
2.9x
Period: varies by source
Basis: FundComb estimate
EV / EBITDA
23.1x
EBITDA basis not stated
Basis: Derived from source data
Basis
- USD 1.2bn enterprise value is treated as publicly disclosed or derived directly from public source data.
- EV / revenue: 2.9x.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- EV / EBITDA is 23.1x. The USD 1.2bn value and USD 79.7m EBITDA imply 15.6x; the rounded source inputs are retained with this variance disclosed.
Other reviewed estimates
Transaction comps can involve reported or estimated figures from different sources. FundComb uses the values above as the current canonical comp, while preserving prior reviewed estimates below for context.
Source summary
Thorne HealthTech Schedule 14D-9/A
EstimatedPrecedent transaction row lists implied TEV of $1,241m and TEV/LTM Adjusted EBITDA of 23.1x.
Open sourceBlackmores sale to Kirin: Shareholders vote required
EstimatedShareholder-vote note says the A$95 scheme consideration was fair and reasonable and equated to an acquisition multiple of 23.1x Blackmores EV/EBITDA for the 12 months to Dec. 2022. A separate public article reports the deal implied A$1.88bn equity value and A$1.84bn enterprise value.
Open source