Mandate

Peloton Capital Management approached QPCG and expressed interest in studying the fertility industry

QPCG's Approach

Team

2

Senior Project Managers

4th year students with professional experience in investment banking and management consulting

2

Project Managers

3rd year students with buyside internship experience in the public or private markets

2

Analysts

2nd year students who have completed QPCG’s intensive summer education program

Execution Strategy

  1. Industry Overview
    A preliminary look at fertility needs
    and methods of treatment
  2. Market Segmentation
    Identifying sub sectors within the market
  3. Market Sizing
    Procedure and clinic metrics over time as well as revenue breakdown
  4. Regulatory Environment
    Insurance coverage analysis across Canada and the U.S.
  5. Market Trends
    Analyzing industry merits and risks to determine attractiveness
  6. Geographic Competitor Analysis
    Breakdown of clinic locations and major players across the U.S.
  7. Target List
    List of potential acquisition targets with statistics on each target
  8. Public Comparables Analysis
    Multiples analysis to understand
    public market appetite
  9. Precedent Transaction Analysis
    Summary of platform investments and tuck in acquisitions in North America

Outcome

Invests In

On August 4, 2020

Leveraging QPCG’s preliminary research on the industry, Peloton dedicated internal resources to continue evaluating the space and potential investment opportunities, ultimately resulting in an investment