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Deal Detail

Franchise Group, Inc. to Management-led buyout (B. Riley Financial)

General RetailSpecialty/May 2023
EV / LTM EBITDA
8.3x
EV / LTM Sales
-
Enterprise Value
$2.6B
Primary Source
Jefferies

Comparable Transactions

General Retail transactions announced in the five years to May 2023. 19 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
May 2023Mattress Firm GroupTempur Sealy International$4.0B-9.3xStrategic
Oct 2022Cheap THRILLS Cycles Pty Limited (THRILLS)Universal Store Holdings Limited$32M-6.6xStrategic
Apr 2022BrandsMart USAThe Aaron's Company--5.0xStrategic
Nov 2021WS Badcock CorporationFranchise Group, Inc.--4.2xStrategic
May 2021At Home GroupHellman & Friedman--7.9xStrategic
May 2021DreamsTempur Sealy International--6.3xStrategic
Mar 2021The Michaels Companies Inc.Apollo Global Management$5.0B-6.9xFinancial
Feb 2021DTLR Villa LLCJD Sports Fashion PLC$495M-10.9xStrategic
Jan 2021Pet Supplies PlusFranchise Group, Inc.--8.8xStrategic
Dec 2020Sportsman's WarehouseGreat Outdoors Group, LLC--6.0xStrategic
Aug 2020Hudson Ltd.Dufry AG$1.1B-5.7xStrategic
Jun 2020GNC Holdings IncHarbin Pharmaceutical Group$780M-6.9xStrategic
Dec 2019American Freight Group, Inc.Franchise Group, Inc.--9.6xStrategic
Aug 2019Party City (Canada)Canadian Tire Company--9.9xStrategic
Aug 2019Vitamin Shoppe, Inc.Franchise Group, Inc.--3.8xStrategic
Jun 2019Barnes & Noble Education, Inc.Elliott Management Advisors L.P.$603M-5.7xFinancial
Jun 2019Barnes & Noble Inc.Elliott Management Advisors--5.7xFinancial
Nov 2018GreencrossTPG Capital--10.0xFinancial
Oct 2018Marshall Retail GroupWH Smith plc--13.7xStrategic
Mean-7.5x
Median-6.9x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionFRG FOJefferies2023$2.6B-8.3x-ManualOpen