What did Cortec Group pay for Lap of Love?

Cortec Group acquired Lap of Love for $54.0M in 2020 (18.0x EBITDA). Target EBITDA was approximately $3.0M.

What does Lap of Love do?

Lap of Love is a veterinary practice business.

What multiple did Cortec Group pay for Lap of Love?

18.0x EBITDA, based on disclosed deal value of $54.0M and disclosed financials.

M&A TRANSACTION · 2020

Lap of Love acquired by Cortec Group

$54.0M· 18.0x EBITDA

Target

Lap of Love

Acquirer

Cortec Group

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$3.0M

Deal Value

$54.0M

EV/EBITDA

18.0x

Context

This $54.0M acquisition of Lap of Love by Cortec Group sits in the veterinary practice sub-vertical. The 18.0x EBITDA multiple paid in 2020 can be compared against the population median for veterinary practice transactions of similar size on our Veterinary Practice valuation hub.

Source

Data sourced from Press releases and press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

Value your own veterinary practice

Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.

Compare your business to the Lap of Love acquisition.

Citation: ExitValue.ai. (2020). Lap of Love acquired by Cortec Group. https://exitvalue.ai/deals/lap-of-love-acquired-by-cortec-group-hc-2020-0132