Gol in Talks with Webjet

Gol in Talks with Webjet

Brazil M&A

Brazilian airline Gol Linhas Aereas Inteligentes is in talks with fellow Brazilian airline Webjet. A valuation multiple of around 7x Ebitda for the start-up airline is likely, yielding a potential total deal value of around BRL815m ($509m), say analysts. Webjet recorded Ebitda of BRL96m ($61.36m) and net debt of BRL143m. Gol and Copa, for instance, trade at around 8x Ebitda. “I think it’s good news [for Gol]” says one Brazil-based equity analyst. He sees the deal as a slight posit

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