Thu 05/20/2021 09:12 AM
Relevant Document:
FY’20 Report
Direct lenders and banks are circling the sale of U.K. second-hand book retailer World of Books. The retailer is being marketed off EBITDA of about £11 million and could reach a valuation of up to £143 million based on a 13x multiple, sources said. Direct lenders are expected to offer leverage levels at 4.5x.
The first round of bids was received on May 11 and a lender education was organized by the end of April, sources told Reorg. Investment bank...
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