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
Investment Summary & Entry Economics Item Calculation Value ($m) Entry EBITDA FY2025 Actual 120.0 Entry EV 12.0x EBITDA 1,440.0 Transaction Fees 2.0% of EV 28.8 Total Uses EV + Fees 1,468.8 Total Debt 5.5x EBITDA (4.0x TL, 1.5x Mez) 660.0 Equity Check Uses - Debt 808.8 Debt Structure at Close: Term Loan: $480.0m (9.0%…Read the full answer