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Deal Detail

Fitness World to Pure Gym

LeisureFitness Clubs/Dec 2019
EV / LTM EBITDA
8.8x
EV / LTM Sales
2.0x
Enterprise Value
$456M
Primary Source
Company Release

Comparable Transactions

Leisure transactions announced in the five years to December 2019. 11 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Dec 2018Belmond Ltd.LVMH--22.9xStrategic
Nov 2017Pure GymLeonard Green Partners$785M3.0x8.4xFinancial
Jul 2017ClubCorp Holdings, Inc.Apollo Global Management$2.2B-8.9xFinancial
Apr 2017Intrawest Resorts Holdings, Inc.KSL Capital Partners, LLC--9.6xFinancial
Nov 2016Accordia Golf Co., Ltd.MBK Partners LP--11.3xFinancial
Sep 2016Isle of Capri Casinos, Inc.Eldorado Resorts, Inc.--8.7xStrategic
Aug 2016Whistler Blackcomb Holdings, Inc.Vail Resorts, Inc.--15.0xStrategic
Aug 2016Affinity GamingZ Capital Partners L.L.C.--8.4xFinancial
Jun 2016Diamond Resorts International, Inc.Apollo Global Management, LLC--7.1xFinancial
Oct 2015Vistana Signature Experiences, Inc.Interval Leisure Group, Inc.--11.3xStrategic
Mar 2015Life Time Fitness, Inc.Leonard Green Partners--10.3xFinancial
Mean-11.1x
Median-9.6x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primarypress releasepress release-2019$456M2.0x8.8x-EV of GBP 350m converted at 1.3017 GBP:USD.Open
-fairness opinionEWCZ FOMoelis2026$459M2.0x7.2x-Non FranchiseOpen