Life Time Fitness, Inc. to Leonard Green Partners

Fitness & Wellness/Mar 2015/Guggenheim, Wells Fargo Securities

Deal Information

Target

Life Time Fitness, Inc.

Acquiror

Leonard Green Partners

Sector

Fitness & Wellness

Target Type

Public

Acquiror Type

Financial

Advisors

Guggenheim, Wells Fargo Securities

Enterprise Value

EV / LTM Sales

EV / LTM EBITDA

10.3x

EV / Fwd EBITDA

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

EV/LTM EBITDA selected range: 8.5x - 10.0x

17 comps


Feb 2006	Crown Sports plc	LA Fitness/MidOcean Partners	-	-	-	-
Dec 2005	Equinox Holdings, Inc.	The Related Companies L.P.	-	-	-	-
Sep 2005	Fitness First Ltd	BC Partners Ltd.	-	-	-	-
May 2005	24 Hour Fitness Worldwide Inc.	Forstmann Little & Co.	-	-	-	-
Dec 2014	PetSmart, Inc.	BC Partners Ltd.	-	-	-	-
Jul 2014	Family Dollar Stores, Inc.	Dollar Tree, Inc.	-	-	-	-
May 2014	Darden Restaurants, Inc./Red Lobster	Golden Gate Capital	-	-	-	-
Oct 2013	General Parts International, Inc.	Advance Auto Parts, Inc.	-	-	-	-
Jun 2012	Savers, Inc.	Leonard Green and TPG	-	-	-	-
Jun 2012	Party City Holdings Inc.	Thomas H. Lee Partners, L.P.	-	-	-	-
May 2012	P.F. Chang's China Bistro, Inc.	Centerbridge Capital Partners II, L.P.	-	-	-	-
May 2011	Academy Sports + Outdoors	KKR & Co. L.P.	-	-	-	-
Dec 2010	Jo-Ann Stores Inc.	Leonard Green	-	-	-	-
Aug 2014	Sequoia Golf Holdings, LLC	ClubCorp Holdings, Inc.	-	-	-	-
Sep 2013	MTR Gaming Group, Inc.	Eldorado Resorts, Inc.	-	-	-	-
Dec 2012	Ameristar Casinos, Inc.	Pinnacle Entertainment, Inc.	-	-	-	-
May 2012	Peninsula Gaming, LLC	Boyd Gaming Corp.	-	-	-	-
	Mean			-	-	-
	Median			-	-	-