Here’s a snapshot of Statoil Fuel and Retail , the convenience store and gasoline retail chain that Canada’s Alimentation Couche-Tard Inc. is buying for $2.8-billion (U.S.).
Number of stations: 2,300, plus 85 airports supplied with fuel
Sites visited by Couche-Tard before buying: More than 200
Fuel sold per year: More than 8-billion litres
Profit: 2011 Ebitda 3.04 billion kronor (or $526-million U.S.), down 18 per cent from 2010
Acquisition premium: 52.5 per cent
Price metrics: Enterprise value is seven times Ebitda
Loans required: 3-year $3.2-billion (U.S.) acquisition credit facility
Main lenders: National Bank Financial, UBS, Rabobank, Scotiabank, HSBC and Bank of Tokyo-Mitsubishi,
Financial advisers to Couche-Tard: Same as above, as well as Barclays Capital.
Legal advisers to Couche-Tard: Davies Ward Phillips & Vineberg LLP, Haavind and Eversheds LLP.
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