Filing Flows › Revolve Group (RVLV) › Takeover & LBO
Is Revolve Group (RVLV) a takeover target?
A leveraged buyout at today's price plus 30% ($29.16 a share) would return about 0% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%. Historically 4.1% of companies with its figures were bought within a year (0.82× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $29.16 | today's $22.43 plus 30% |
| × shares | 71.9 million | |
| = Equity value | $2.1B | |
| + Debt refinanced | $0 | |
| − Cash | $285M | |
| + Other claims | $2.3M | preferred stock, minority interests |
| = Enterprise value | $1.8B | 21.8× EBITDA of $83.3M |
| Fees | $36.3M | 2% of the price |
| New debt | $458M | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $1.4B | 75% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $1.5B | $89.9M | $35.0M | $17.0M | $441M |
| Year 2 | $1.6B | $96.0M | $33.7M | $22.6M | $418M |
| Year 3 | $1.7B | $101M | $32.0M | $28.5M | $390M |
| Year 4 | $1.7B | $106M | $29.8M | $34.3M | $356M |
| Year 5 | $1.8B | $109M | $27.2M | $40.1M | $315M |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 16.0× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $1.7B | |
| − Debt left | $315M | |
| = Buyer's equity | $1.4B | |
| Money multiple | 1.02× | on $1.4B put in |
| Buyer's yearly return (IRR) | 0.4% |
Price against return
What the buyer makes at other premiums over today's $22.43.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $24.67 | 6.0% |
| 20% | $26.92 | 3.0% |
| 30% | $29.16 | 0.4% |
| 40% | $31.40 | −1.8% |
| 50% | $33.64 | −3.8% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $1.4B | |
| EBITDA, last 12 months | $83.3M | 6.1% of revenue |
| Depreciation and amortization | $5.9M | |
| Capital spending | $14.0M | |
| Debt | $0 | |
| Cash | $285M | |
| Share price | $22.43 | on Oct 30, 2026 |
Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 8.0% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 24% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.
What a takeover could cost
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Revolve Group would cost about $29.72 a share, $2.1B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 20% | $26.92 | $1.9B |
| Median | 32.5% | $29.72 | $2.1B |
| High end (a quarter paid more) | 51.8% | $34.05 | $2.4B |
The odds, from history
Historically 4.1% of companies with its figures were bought within a year (0.82× the average). Its figures put it in decile 4 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Revolve Group's latest quarter
Revolve Group, Q3 2026: revenue $356M (+20% year over year), operating margin 5.3%, net earnings $14.5M, operating cash flow −$24.3M. The chart follows the revenue to costs, profit and cash.
Questions
Is Revolve Group being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Revolve Group?
A leveraged buyout at today's price plus 30% ($29.16 a share) would return about 0% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%.
What would a takeover of Revolve Group cost?
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Revolve Group would cost about $29.72 a share, $2.1B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.