EP Advisors

21/04/2021

For the fight fans.

UFC owner Endeavor looks to raise $511M+ in public debut

(Handout/Getty Images)
Endeavor, the famed talent agency, live events operator and owner of the Ultimate Fighting Championship, has established a price range for its upcoming debut on the NYSE.
The Beverly Hills, Calif.-based entertainment giant hopes to sell 21.3 million shares for between $23 and $24 apiece, according to an SEC document. The IPO could raise north of $511 million for the company and give it a valuation of $10 billion.

Endeavor has received backing from Silver Lake, GIC and Canada Pension Plan Investment Board, among others. It reached a valuation of $6.3 billion in 2018, according to PitchBook data.

This is the company's second run at an IPO. In 2019, Endeavor intended to sell 15 million shares priced between $26 and $27 per share, below an original target of nearly 19.4 million shares for between $30 and $32 apiece. The revised range would've raised $397.5 million for the company at a midpoint pricing. The deal was eventually canceled due to weak investor demand.

25/02/2021

Great to see our sponsored young driver Alexander Yoannidis working hard in his loved sport and getting a mention in kart news.

18/02/2021

Offer Terms Agreed and Executed!

Great to be working with a fantastic group of people including buyer and seller teams. Both have worked tirelessly to get to this point. Covid and restrictions on international travel has not made the transaction any easier but thankful to the modern world and both teams persistence to meet and negotiate over video conferencing.

Our team has facilitated and negotiated for our clients a 100% sale and we will now begin the process of closing out the transaction in the coming months.

The details remain confidential at this point, and a further announcement will be made at completion.

We wish all parties the best of luck through the next stages of the process.

17/02/2021

EP Advisors is happy to announce the appointment of Wilder Ruiz to its growing advisory team.

Wilder is an experienced CEO, Company Director and Chairman.

Passionate about building business and taking them on a journey to maximise results, and successfully in roles below.

·CEO of Pancakes Australia which he converted from a loss of ($4,500,000) to a $2,000,000 profit within two years.
·Operations Director at Hungry Jacks which managed to turnaround 12 years of consecutive losses in Victoria into a profit within the first twelve months.
·CEO (parallel role) at Hungry Jacks and was the founder and creator of the Hungry Jacks Registered Training Organisation.
·CEO of Performis, a national learning and development company which grew from $1,000,000 to $13,000,000 over three years.
·Vice President of Message Media, an IT company in San Francisco, he was responsible for the USA, Australia, UK and New Zealand business where he oversaw an overall sales increase of 30%.
·As a consultant to Roll’d QSR group he assisted growth from 7 stores to 90 stores acting as interim CEO and Executive Chairman.

We welcome Wilder to our team and look forward to his skills being utilised by our clients.

15/02/2021

Acquisition Opportunity!

Our client is seeking an exit strategy and would be a great bolt-on for businesses in the coffee industry wanting an edge to on-board new clients. With cutting edge proprietary products distributed, this business has the best reputation for what it does in the booming coffee industry.

With over 16,000 outlets utilising their products this makes for an exciting and relatively low risk investment with a lot more outlets to come via new sales currently being rolled-out.

For more information, contact Emil Parthenides or Michael Parthenides.

09/02/2021

We are proud to have facilitated and advised Darko Glogovac and Woodcut (https://woodcut.com.au)on the majority sale to Petra/ QLC Private Equity.

Covid obviously provided a challenging M&A landscape for parts of 2020 so we are proud of the work of our team Emil Parthenides, Nick Kenos, Michael Parthenides and Adam Mazzaferro, and thank all external advisors for their roles during the transaction.

We congratulate both Petra/ QLC on a great acquisition of Australia’s leading premium flooring brand in Woodcut, and our client Darko Glogovac for building a business of such high quality to be sought after.

We wish both parties all the best in the next stage of the business under the Petra Industries group.

https://www.afr.com/street-talk/kestelman-backed-petra-takes-stake-in-premium-wood-floor-business-20210208-p570k6

18/12/2020

The company’s FY20 financial results showed Cereal and Snacks revenue fell 14 per cent to $70 million, with the adjusted EBITDA pre-AASB16 loss rising slightly to $32.1 million. Unrealistic operational costing budgets and ineffective trade spend in the retail channel were to blame, as were numerous poor outcomes from NPD.

Interim CEO Michael Perich said the divestment of cereals and Snacks and its underperforming Specialty Seafood business was on the cards.

http://www.foodanddrinkbusiness.com.au/news/arnott-s-to-buy-freedom-foods-cereals-and-snacks-business-for-20m

The Arnott’s Group will buy the Cereals and Snacks business from Freedom Foods Group for $20 million in cash. The sale is set to be completed by 1 March 2021.

11/12/2020

Great to have our team assist with negotiations and agreements for this ripper JV between Daniel’s Donuts and BP. Check out the turnout to the launch at this BP in Shepparton. More sites to follow.

10/12/2020

Great way to celebrate a transaction signing yesterday morning with our Melbourne office Chrissy lunch. Missing a few who unfortunately couldn’t make it.

04/11/2020

Great to see Open House Roasters doing good things since the sale we advised on last year.

Check out their catchy & happy new tune for their delicious Pineapple Blend. Made our morning brighter in the Melbourne rain.



https://www.instagram.com/p/BshAS8hBMgl/?igshid=101erk1fc0q1n

31/10/2020

Healthy ready meals sector heating up. This makes proposed Youfoodz IPO more attractive. https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2020/10/30/nestle-acquires-freshly/amp/

Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth.

29/10/2020

Congrats to Queens Lane Capital on saving a 1000 aussie jobs.

QLC are great people and we are sure they will make this a successful business.

The owners want to invest in another two to three business in the next 12 months.