Carvalho, Inês Lopo deRinglstetter, Vincent Paul Ferdinand2024-05-102024-05-102023-01-212022-12-15http://hdl.handle.net/10362/167237Planet 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% IRRengLboInvestment committee paperGym chainPrivate equityValue creationmaster thesis203363728