West Marine to Monomoy Capital

General Retail/Jun 2017/Guggenheim

Deal Information

Target

West Marine

Acquiror

Monomoy Capital

Sector

General Retail

Target Type

Public

Acquiror Type

Financial

Advisors

Guggenheim

Enterprise Value

EV / LTM Sales

EV / LTM EBITDA

6.4x

EV / Fwd EBITDA

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

No precedent transactions are exposed for this fairness opinion yet.

Discount rate and terminal value assumptions the advisor selected for its discounted cash flow analysis.

2 DCF scenarios

WACC: 11.25% – 14.25%
Terminal method: Perpetuity growth
Terminal assumption: -2.0% – 0.0%
Forecast basis: Management Plan projections (sensitized for EBITDA margins and average comparable sales)
Forecast period: 2021E (Projections period)

Advisor	WACC	Terminal method	Terminal assumption	Forecast basis	Forecast period	Filing
Guggenheim 2 DCF scenarios	11.25% – 14.25%	Perpetuity growth	-2.0% – 0.0%	Management Plan projections (sensitized for EBITDA margins and average comparable sales)	2021E (Projections period)	Open