RE:LATAM transaction looks jayjay2020 wrote: looks pretty legit to me. LATAM assets were viewed by outside assessors and compared to CGC's purchase of ICC. The valuation is correct
https://webfiles.thecse.com/investorx/SCYB/1808230441014847.pdf?fbclid=IwAR0wK2AXg8F3xr1G2KbMCzoTDZIyPEch6u8jeC7r2KcqZ-Q6QLWUKWOGPWw
"Currently, ICC is trading at a 7.0x multiple to 2019E EBITDA.14 Using Haywood’s modeled analysis for HoldCo, HoldCo is projected to generate a consolidated 2019E EBITDA of $21.9M. At a 7.0x multiple to 2019E EBITDA, the total implied market valuation of HoldCo is ~$154M (C$202M). Accounting for the ownership stake in the respective assets, the implied valuation would be $146M (C$192M)."
These guys sure have a lot more credentials then Grgo and Nate. Who BTW do notknow how to use a map.
"The Report preparation was carried out by Mr. Mathieu Couillard and was thereafter reviewed by Mr. Campbell Becher and Mr. Neal Gilmer. Campbell Becher, Managing Director, Investment Banking
Mr. Becher joined Haywood in 2016 as a Managing Director focused on Special Situations. He has been actively involved in the investment industry since 1993. Mr. Becher spent 8 years in retail at RBC Dominion and BMO Nesbitt Burns before pursuing merchant banking for 6 years with Bearbeech Capital and Becher McMahon. From 2008-2014 he served as President & CEO of Byron Capital, an investment bank headquartered in Toronto with offices in Montreal and Vancouver.
Mathieu Couillard, Vice President, Investment Banking Mr. Couillard, FSA, joined Haywood in January 2017. Mr. Couillard has been involved in the execution of more than 100 M&A transactions involving companies in a variety of sectors and geographical locations. Prior to joining Haywood, Mr. Couillard spent 10 years at National Bank of Canada in investment banking where he gained broad experience in merger, acquisition, and divestiture matters, including valuations and fairness opinions Mr. Couillard holds a Bachelor of Science (Actuarial Science) from the Universit du Qubec Montreal (2003) and holds the Fellow designation from the Society of Actuaries (2005).