Deal Detail

Affinity Gaming to Z Capital Partners L.L.C.

EV / LTM EBITDA

8.4x

EV / LTM Sales

Enterprise Value

Primary Source

Jefferies

Comparable Transactions

Leisure transactions announced in the five years to August 2016. 5 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Aug 2016	Whistler Blackcomb Holdings, Inc.	Vail Resorts, Inc.	-	-	15.0x	Strategic
Jun 2016	Diamond Resorts International, Inc.	Apollo Global Management, LLC	-	-	7.1x	Financial
Oct 2015	Vistana Signature Experiences, Inc.	Interval Leisure Group, Inc.	-	-	11.3x	Strategic
Mar 2015	Life Time Fitness, Inc.	Leonard Green Partners	-	-	10.3x	Financial
Mar 2012	Great Wolf Resorts, Inc.	Apollo Global Management, LLC	-	-	9.4x	Financial
	Mean			-	10.6x
	Median			-	10.3x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	fairness opinion	MYCC FO	Jefferies	2017	-	-	8.4x	-	-	Open