Mergers & TribulationsTransaction Database
ContactSubscribe
Back

Fairness Opinion Detail

FL FOOpen source

Foot Locker to DICK'S Sporting Goods

General Retail/May 2025/Evercore

Deal Information

Target
Foot Locker
Acquiror
DICK'S Sporting Goods
Sector
General Retail
Target Type
Public
Acquiror Type
Strategic
Advisors
Evercore

Transaction Metrics

Enterprise Value
$2.3B
EV / LTM Sales
EV / LTM EBITDA
6.4x
EV / Fwd EBITDA

Advisor Transaction Comparables

Comparable transactions cited by the advisor, excluding the subject transaction.

Advisor: Evercore

TEV / LTM Adjusted EBITDA selected range: 4.7x - 11.0x

13 comps
Aug 2024Accent Group Limited (minority stake)Frasers Group PLC$739M-3.7x-
Apr 2024Hibbett, Inc.JD Sports Fashion PLC$1.1B-5.9x-
Sep 2023Chico's FAS, Inc.Sycamore Partners$867M-4.3x-
May 2023Mattress Firm Group Inc.Tempur Sealy International, Inc.$4.0B-9.3x-
Aug 2021Eurostar, Inc. ("WSS")
* Multiple not publicly disclosed.
Foot Locker$750M---
Mar 2021The Michaels Companies, Inc.Apollo Global Management, Inc.$5.0B-6.9x-
Feb 2021DTLR Villa LLCJD Sports Fashion PLC$495M-10.9x-
Mar 2018The Finish Line, Inc.JD Sports Fashion PLC$464M-4.7x-
Jun 2017Staples, Inc.Sycamore Partners$6.6B-5.2x-
Apr 2017Cabela's IncorporatedBass Pro Group, LLC$4.8B-10.3x-
Nov 2015Petco Animal Supplies, Inc.CVC Capital Partners and Canada Pension Plan Investment Board$4.6B-8.6x-
Aug 2015Belk, Inc.Sycamore Partners$2.8B-6.9x-
Dec 2014PetSmart, Inc.BC Partners, Inc., La Caisse de depot et placement du Quebec, Longview Asset Management, StepStone$8.7B-9.1x-
Mean-7.1x-
Median-6.9x-