Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
LBO Model: HarborTech Services (HTS) – Base Case & Sensitivity Year-by-Year Financial Projections (FY2026–FY2030) ($ millions) FY2026 FY2027 FY2028 FY2029 FY2030 Revenue 972.00 1,040.04 1,102.44 1,157.56 1,215.44 EBITDA 136.08 156.01 176.39 191.00 206.63 Less: Cash Interest (64.80) (63.08) (60.08) (55.69) (50.16) –…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