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Private equity challenge - returns analysis
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Resumo(s)
CVS Group plc is a leading British veterinary service provider and an ideal LBO target. It
operates in a strong growing market with a great positioning and shows great value creation
potential. By creating value via buy and build, a growing membership program as well as
leveraging the online retail unit, fund returns of 3.4x can be achieved within five years. Based
on a defensive financing structure with only 5.5x EBITDA on a 13.9x EV/EBITDA valuation,
these returns, which are analyzed in great depth, can be realized in a secondary buyout, given
the high interest of investors in that market.
Descrição
Palavras-chave
Value creation Private equity Leveraged buyout Veterinary services