Kirin Holdings : Lion Nathan (53.9%) Dealogic Deal #  : 620583
Data as of : 4/27/2009
Target Acquiror Dates & Values
Lion Nathan (53.9%) Kirin Holdings
Target: 53.9 % stake Buying: 53.9 % stake Rumored 23rd Apr 2009 Deal Value $m 3,716.3
AS LNN 534 m shares outstanding Public (Listed) Announced 27th Apr 2009 Value ex Debt $m 2,540.2
Australia Japan
Food & Beverage Food & Beverage Expected 2Q 2009 Consideration
Caliburn Partnership | Advisor JPMorgan | Advisor Completed -
Mallesons Stephen Jaques | Attorney Deutsche Bank | Advisor
Blake Dawson | Attorney Withdrawn -
Termination Fee, Target $m tbd
Termination Fee, Acquiror $m tbd
Financials 30th Sep 2008
Balance Sheet Debt/Equity: 2.6
Timeline Events Premiums & Multiples
Initial Offer AUD 12.22
Current Offer AUD 12.22
Income Statement
Cash Flows
Operations $m 252
Profitability
Profit Margin 18%
Return on Equity 31%
League Table Impact Sector Trend
2009 YTD Announced Global M&A by Deal Value, $bn Monthly Announced Global M&A, $bn: Food & Beverage
1 JPMorgan 227.3
2 Morgan Stanley 217.4
3 Goldman Sachs 201.4
4 Citi 185.8
5 BOA Merrill Lynch 142.8
6 Deutsche Bank 108.4
7 Credit Suisse 104.9
8 Barclays Capital 87.7
9 UBS 79.4
10 Evercore Partners 68.8
32 Caliburn Partnership 5.1
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