CapAllianz says S$3.8 million Body-Mind Wellness Program acquisition price is fair, based on DCF valuation
Reuters2026/08/03 13:06- CapAllianz issued clarifications on its proposed S$3.8 million acquisition of the Body-Mind Wellness Program, citing DCF-based projections and third-party benchmarking.
- Assets acquired include training materials and customer databases; operations currently depend significantly on Zhang Jiahui, with plans to scale via a digital platform.
- Earn-out capped at S$1.38 million, calculated as 50% of EBITDA over up to three years to June 30, 2029; any unpaid balance lapses.
- Trainer service deal runs five years; fee set at S$15,540 a year for six seven-day classes; treated as operating expense, not acquisition consideration.
- Pro forma NAV uplift of about US$2.16 million driven by US$1.89 million goodwill; identifiable net assets acquired assumed nil, with advance prepayments offset by unearned revenue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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