Thoma Bravo prepares $3 billion sale of software maker ABC Fitness, sources say [Yahoo! Finance]
Flywire Corporation - Voting (FLYW)
Company Research
Source: Yahoo! Finance
Solutions that could value the software provider for health clubs and gyms at about $3 billion including debt, according to people familiar with the matter. The technology focused buyout firm could kick off a sale process for ABC Fitness in early 2025, the sources said, cautioning that Thoma Bravo's plans could change. Thoma Bravo is expecting to command a valuation for ABC Fitness equivalent to about 25 times the company's projected earnings before interest, tax, depreciation and amortization (EBITDA) of roughly $120 million next year, the sources added, requesting anonymity as the discussions are confidential. Thoma Bravo declined to comment. ABC Fitness did not respond to a request for comment. Founded in 1981, ABC Fitness provides software and payment processing services to health clubs, gym operators, and personal trainers. Its software helps gym owners track workouts and manage their operations. Frisco, Texas-based ABC Fitness processes roughly $11.5 billion of payment
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FLYW
Earnings
- 8/6/24 - Miss
FLYW
Sec Filings
- 9/11/24 - Form 4
- 9/9/24 - Form 144
- 9/9/24 - Form 4
- FLYW's page on the SEC website