Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Year-by-Year Financial Projections (FY2026–FY2030) All figures in $ millions. Year Revenue EBITDA Cash Interest (Term Loan / Mezz / Total) Cash Taxes Capex ΔNWC FCF after Debt Service* Ending Term Loan Ending Mezzanine 2026 972.00 136.08 43.20 / 21.60 / 64.80 17.82 29.16 0.36 40.74 434.46 183.60 2027 1,040.04 156.01…Read the full answer
MEMORANDUM To: Investment Committee From: Underwriting Team Date: October 26, 2023 Subject: Project Harbor – HarborTech Services (HTS) LBO Underwriting Transaction Overview & Sources & Uses (at Close, end of FY2025) Entry EBITDA: $120.0m Entry Multiple: 12.0x Enterprise Value (EV): $1,440.0m Transaction Fees (2% EV)…Read the full answer