Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
HarborTech Services LBO Analysis Financial Projections FY2026-FY2030 Entry Assumptions FY2025 Revenue: $900M FY2025 EBITDA: $120M (13.3% margin) Purchase Price: $1,440M (12.0x EBITDA) Transaction Fees: $28.8M (2.0% of EV) Total Investment: $1,468.8M Capital Structure Term Loan: $480M (4.0x EBITDA) Mezzanine: $180M…Read the full answer
Simplified Year-by-Year Cash Flow Table (FY2026–FY2030) Year Revenue EBITDA Cash Interest (Term + Mezz) Cash Taxes Capex ΔNWC FCF After Required Payments Term Loan Balance Mezz Balance 2026 $972.0M $136.1M $64.8M $17.8M $29.2M $0.4M $19.1M $456.1M $183.6M 2027 $1,040.0M $156.0M $63.1M $23.2M $31.2M $0.3M $33.4M $417.9M…Read the full answer