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    HLMS   IL0011425878

HOLMES PLACE INTERNATIONAL LTD.

(HLMS)
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Holmes Place International Ltd. signed an agreement to acquire Vim Clubs Ltd from Zvin Ben Dat for ILS 8.5 million.

05/22/2019 EST

Holmes Place International Ltd. (TASE:HLMS) signed an agreement to acquire Vim Clubs Ltd from Zvin Ben Dat for ILS 12 million in January 2019. If EBITDA of Vim Clubs is above the ILS 3 million, compensation shall be added the difference between the fitness club’s EBITDA for year 2020 to the sum of ILS 3 million. As long as the EBITDA is below ILS 3 million, ILS 3 million shall be deducted from the compensation, and it shall stand at ILS 9 million. As of November 3, 2019, after receiving approval from the court, an amendment was signed to the deal. In accordance with the amendment, the compensation for the shares was lowered to ILS 8.5 million, and will be paid through payment of Vim Clubs debts, including commitment to pay an owner’s loan to the seller Zvin Ben Dat, it was also established that the compensation will raise as long as the EBITDA of Vim Clubs in year 2020 will be equal or over ILS 1 million, in a way that for every ILS 1 EBITDA, ILS 2 will be added to the compensation. Completion of the deal is subject to all customary approvals.


ę S&P Capital IQ 2019
All news about HOLMES PLACE INTERNATIONAL LTD.
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2019Holmes Place International Ltd. signed an agreement to acquire Vim Clubs Ltd from Zvin ..
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2017Holmes Place International Ltd. has filed an IPO.
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2017Moti Ben Moshe cancelled the acquisition of 15% stake in Holmes Place International Ltd..
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Financials
Sales 2020 196 M 61,6 M 61,6 M
Net income 2020 -77,5 M -24,3 M -24,3 M
Net Debt 2020 792 M 248 M 248 M
P/E ratio 2020 -3,77x
Yield 2020 -
Capitalization 398 M 125 M 125 M
EV / Sales 2019 2,69x
EV / Sales 2020 5,73x
Nbr of Employees 1 730
Free-Float 54,8%
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Managers and Directors
Keren Shtevy Chief Executive Officer
Shimshon Tauber Chief Financial Officer
Richard Hunter Chairman
Rephael Leonard Bortz Chief Information Officer
Ron Zarfati Vice President-Operations & Manager-Headquarters
Sector and Competitors