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Fairness Opinion Detail

HIBB FOOpen source

Hibbett, Inc. to JD Sports Fashion PLC

General Retail/Apr 2024/Solomon Partners

Deal Information

Target
Hibbett, Inc.
Acquiror
JD Sports Fashion PLC
Sector
General Retail
Target Type
Public
Acquiror Type
Strategic
Advisors
Solomon Partners

Transaction Metrics

Enterprise Value
$1.1B
EV / LTM Sales
EV / LTM EBITDA
6.2x
EV / Fwd EBITDA

Advisor Transaction Comparables

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

Advisor: Solomon Partners

EV/LTM Adjusted EBITDA selected range: 4.9x - 6.6x

4 comps
Sep 2023Chico's FAS, Inc.
EV/LTM Adjusted EBITDA multiple not individually disclosed; only the Selected Transactions Range of 4.9x–6.6x is stated. EBITDA defined as LTM Adjusted EBITDA based on amounts disclosed in public filings, company press releases and other public sources.
Sycamore Partners Management, L.P.----
Mar 2021The Michael's Companies, Inc.
EV/LTM Adjusted EBITDA multiple not individually disclosed; only the Selected Transactions Range of 4.9x–6.6x is stated. EBITDA defined as LTM Adjusted EBITDA based on amounts disclosed in public filings, company press releases and other public sources.
Apollo Global Management, LLC----
Mar 2018The Finish Line, Inc.
EV/LTM Adjusted EBITDA multiple not individually disclosed; only the Selected Transactions Range of 4.9x–6.6x is stated. EBITDA defined as LTM Adjusted EBITDA based on amounts disclosed in public filings, company press releases and other public sources.
JD Sports Fashion Plc----
Aug 2015Belk, Inc.
EV/LTM Adjusted EBITDA multiple not individually disclosed; only the Selected Transactions Range of 4.9x–6.6x is stated. EBITDA defined as LTM Adjusted EBITDA based on amounts disclosed in public filings, company press releases and other public sources.
Sycamore Partners Management, L.P.----
Mean---
Median---