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
518.51935 New TL: 276.34682 - 86.82747 = 189.51935 Mezz: PIK 194.8377888 * 0.02 = 3.896755776 New Mezz: 194.8377888 + 3.896755776 = 198.734544576 Ending Balances: TL: 189.52 Mezz: 198.73 Total Debt: 388.25 Exit (End of FY2030): Exit EBITDA: 206.6252668 Exit Multiple: 10.5x Exit EV: 206.6252668 * 10.5 = 2,169.5653014…Read the full answer