The disposal of Peter Brotherhood (‘PB’) to Howden (owned by KPS Capital Partners) is a significant realisation for the Group at an EV of £35m. The transaction demonstrates management’s successful restructuring and investment into PB that has yielded an almost fourfold gross return on the original £9.3m investment in September 2017, which was part of the overall purchase of Hayward Tyler Group. On unchanged adjusted EPS forecasts for 2022E, the EV/EBITDA multiple is now 6.7x with the Group forec ....
12 Mar 2021
Disposal of Peter Brotherhood
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Disposal of Peter Brotherhood
Avingtrans plc (AVG:LON) | 390 0 0.0% | Mkt Cap: 129.1m
- Published:
12 Mar 2021 -
Author:
Richard Hickinbotham -
Pages:
3
The disposal of Peter Brotherhood (‘PB’) to Howden (owned by KPS Capital Partners) is a significant realisation for the Group at an EV of £35m. The transaction demonstrates management’s successful restructuring and investment into PB that has yielded an almost fourfold gross return on the original £9.3m investment in September 2017, which was part of the overall purchase of Hayward Tyler Group. On unchanged adjusted EPS forecasts for 2022E, the EV/EBITDA multiple is now 6.7x with the Group forec ....