For Panera Bread LBO Case

Write the analysis as of 2017, before the events of 2020.

a.Current Enterprise Value of Panera

b.Recommended acquisition price range in terms of

i.Dollars

ii.EV/EBITDA

iii.Share-price premium

c.Capital structure recommended for buyout and purchase

d.Value-creation potential

i.Expansion

ii.Breakfast menu items

iii.Management

e.Historical financial summary

f.Projected financial summary

i.Base case

ii.Upside case

iii.Downside case

g.Expected exit strategy and value

h.Projected investment returns

i.Questions needing further due diligence or further planning