M&A Transaction Multiples - The Tote (Horserace Totalisator Board)

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EPSILON M&A DEAL REPORT

Transaction Multiples for the Valuation of Private Companies

The Tote (Horserace Totalisator Board) - Valuation Multiples - Sports & Leisure
<br />
Online Gambling

BetFred (Petfre) / The Tote (Horserace Totalisator Board)

No EMAT : 23699

Announced Date : 10/04/2011

Type : Acquisition of Majority Stake

Deal Value : Yes

Acquirer : BetFred (Petfre)

Target : The Tote (Horserace Totalisator Board)

Country : England

Sector of activity :

Consumer Services > Sports & Leisure
Internet > Online Gaming > Online Gambling

Business Description :

Established in 1928, as a statutory authority by Act of Parliament, the Tote is now the fifth largest bookmaker offering sports betting services through shops, Internet, and telephone in the United...

Transaction multiples available

	EV/ Sales	EV/ Gross Profit	EV/ EBITDA	EV/ EBIT	Eq/ PBT	P/E	Price to Book	Specific multiple(s)
Historic	-		-	-	-	-
Current	-	-		-	-	-

Rating :

	Multiple available
n.s.	Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

Number of EMAT Reports / sub-sector « Sports & Leisure » = 23
Number of EMAT Reports / sub-sector « Online Gambling » = 24

Example of comparable transactions on EMAT (same sub-sector):

12/01/2011

Fimalac

Lucien Barriere Group

France

24281

30/06/2011

Fimalac

Société Fermière du Casino Municipal de Cannes (SFCMC)

France

24309

Source: Epsilon Research / EMAT