hard · Private Equity

A PE firm is executing a roll-up of three dental clinics. Clinic 1: $5M EBITDA @ 6.0x. Clinic 2: $3M EBITDA @ 5.0x. Clinic 3: $2M EBITDA @ 5.0x. If the combined 'NewCo' platform can be exited at 8.0x EBITDA after achieving $2M in synergies, calculate the 'Multiple Arbitrage' component of the total gain.

  1. $41M
  2. $25M
  3. $80M
  4. $20M

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