Supreme Holdings, Inc. acquired by VF Corporation

Basis

• USD 2.1bn enterprise value is treated as publicly disclosed or derived directly from public source data.
• Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
• Metric period: VF FY2021 Post Acquisition Reporting Period 2021.
• VF reported an aggregate base purchase price of $2.1 billion, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. An additional payment of up to $300 million was contingent on specified post-closing milestones and is excluded from the base purchase price. VF’s FY2021 filing reports $142 million of Supreme acquisition revenue included from the December 28, 2020 acquisition date through VF’s FY2021 reporting period; this is a partial-period contribution, not annualized. VF forecast at least $500 million of Supreme revenue and $0.20 adjusted EPS in FY2022. No supported standalone EBITDA denominator is available. Reported Supreme acquisition revenue included in VF Active segment results from the acquisition date; partial period, not annualized. Separately, VF forecast at least $500 million revenue and $0.20 adjusted EPS for FY2022.