Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
HarborTech Services – LBO Underwriting Memo SOURCES & USES Uses: Item Amount Enterprise Value (12.0x × $120m) $1,440.0m Transaction Fees (2.0% × $1,440m) $28.8m Total Uses $1,468.8m Sources: Item Multiple Amount Term Loan (4.0x) 4.0x $480.0m Mezzanine (1.5x) 1.5x $180.0m Total Debt 5.5x $660.0m Equity $808.8m Total…Read the full answer
Year-by-Year LBO Model (FY2026–FY2030) Metric FY2026 FY2027 FY2028 FY2029 FY2030 Revenue $972m $1,040m $1,102m $1,162m $1,218m EBITDA $136m $156m $177m $192m $207m Cash Interest (Term Loan) $43m $39m $34m $30m $26m Cash Interest (Mezz) $18m $16m $14m $12m $11m Cash Taxes $15m $22m $29m $35m $41m Capex $29m $31m $33m…Read the full answer