IDEAL Holdings: Optimising capital allocation
* IDEAL is essentially a fine listed private-equity proxy, offering the best of both worlds
* Value creation: targeting mid-size equity tickets, on a “buy low, develop and sell high”, 5 to 7-year investment horizon
* The average of a 3-stage DCF model and EV/EBITDA target-multiples returns a fair value of €5.3 per IDEAL share
