What did Waterland Private Equity pay for The Priory Group?

Waterland Private Equity acquired The Priory Group for $1.35B in 2020 (8.4x EBITDA), equivalent to 1.20x revenue. Target revenue was approximately $1119.8M. Target EBITDA was approximately $160.8M.

What does The Priory Group do?

The Priory Group is a mental health business.

What multiple did Waterland Private Equity pay for The Priory Group?

8.4x EBITDA and 1.20x revenue, based on disclosed deal value of $1.35B and disclosed financials.

M&A TRANSACTION · 2020

The Priory Group acquired by Waterland Private Equity

$1.35B· 8.4x EBITDA· 1.20x revenue

Target

The Priory Group

Acquirer

Waterland Private Equity

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$1119.8M

EBITDA

$160.8M

Deal Value

$1.35B

EV/EBITDA

8.4x

Context

This $1.35B acquisition of The Priory Group by Waterland Private Equity sits in the mental health sub-vertical. The 8.4x EBITDA multiple paid in 2020 can be compared against the population median for mental health transactions of similar size on our Mental Health valuation hub. Waterland Private Equity is acquiring as a private equity buyer; see how PE acquirers typically price mental health businesses on our Mental Health PE buyer-pool page.

Source

Data sourced from SEC filings. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). The Priory Group acquired by Waterland Private Equity. https://exitvalue.ai/deals/the-priory-group-acquired-by-waterland-private-equity-hc-2020-0111