Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
I'll help you analyze this LBO opportunity step by step. First, let's calculate key metrics year by year: Entry Values (FY2025): EV = $120m × 12.0x = $1,440m Transaction fees = $28.8m (2% of EV) Total debt = $660m (5.5x EBITDA) Term Loan = $480m (4.0x) Mezzanine = $180m (1.5x) Equity = $808.8m ($1,440m + $28.8m…Read the full answer
Here are the requested items: 1. Simplified Year-by-Year Table (FY2026-FY2030) Year Revenue EBITDA Cash Int. (TL) Cash Int. (Mz) Cash Taxes Capex ΔNWC FCF TL Balance Mz Balance 2026 972 136.08 36.00 18.00 17.12 29.16 4.86 30.90 360.00 135.00 2027 1037.84 154.78 33.60 19.44 20.45 31.13 5.19 44.12 315.88 133.56 2028…Read the full answer