Resumo: | TheoverallgoalofthisthesisistheevaluationofTheGymGroup’sfeasibilityasapotentialleveragedbuyouttarget.Inthebeginning,thefirmwasinspectedfromdifferentangles,themarketthoroughlyanalyzedandthecompany’spositioninthemarketassessed.Inthefollowing,acomprehensiveappraisalofinfluencingfactorsonitsfinancialperformancewasconductedandgrowthdriversforecastedtocomeupwiththreedifferentcasesofhowthefirmmightdevelop.Thisknowledgewasquantifiedandthecompanysubsequentlyvaluedusingacomparablecompany,aprecedenttransaction,aDCFvaluationmethodaswellasanLBOmodel.Additionally,aninvestmentthesisandfuturestrategyregardingtheoperationsofthetargetandtheresponsibilitiesofaPEfund,suchassourcingandanexitstrategy,weredeveloped.Finally,potentialreturnswerecalculatedforthedifferentscenarios.Thesecondpartcomprisesthehistoricfinancials,valuation,investmentthesis&valuecreation.
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