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Pe Challenge Cvs - Capital Structure
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Orientador(es)
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. Given
the economic uncertainty, this is based on a defensive financing structure with only 5.5x
EBITDA on a 13.9x EV/EBITDA valuation. These returns 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