Thoma Bravo prepares $3 billion sale of software maker ABC Fitness, sources say

NEW YORK (Reuters) - Thoma Bravo is preparing to explore options including a potential sale of ABC Fitness 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.

Full story at Yahoo News.

By Milana Vinn and David French.