«We calculate a $ 2.36 / share offer price could generate an IRR
of 12.3 per
cent, based on our forecasts, a debt / equity structure
of 30 per
cent / 70 per
cent, an
interest expense rate
of 4.5 per
cent, a shareholder loan
of half the equity value and an EBITDA exit multiple
of 12 times,» the analysts wrote.