Publicação
Investment committee paper: return analysis
| Resumo: | Planet Fitness is a market leading fitness studio chain and franchisor with over 2,324 stores in the US. It provides high and recurring cash flows, making it a good LBO target. 2022 EBITDA reaches 336$M, exceeding pre-covid levels. The company offers value creation potential in internationalization through M&A, Greenfield possibilities, and further organic growth levers. Entry Multiple of 9.2x results in an EV of 3.1$B. With 5.2x Leverage an LBO yields 4.0x Money Multiple and 26% IRR. |
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| Autores principais: | Silva, Maria Pinto Basto Mira da |
| Assunto: | Lbo Investment committee paper Gym chain Private equity Value creation |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | Planet Fitness is a market leading fitness studio chain and franchisor with over 2,324 stores in the US. It provides high and recurring cash flows, making it a good LBO target. 2022 EBITDA reaches 336$M, exceeding pre-covid levels. The company offers value creation potential in internationalization through M&A, Greenfield possibilities, and further organic growth levers. Entry Multiple of 9.2x results in an EV of 3.1$B. With 5.2x Leverage an LBO yields 4.0x Money Multiple and 26% IRR. |
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