Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Here is the streamlined underwriting model based strictly on the inputs provided. Simplified year-by-year projection (FY2026–FY2030) Key starting items (at close end of FY2025): Enterprise value (EV) = 12.0 × $120m = $1,440m Transaction fees (2.0% of EV) = $28.8m → treated as additional equity paid at close Total…Read the full answer
Year-by-Year Financial Table ($m) Year FY2026 FY2027 FY2028 FY2029 FY2030 Revenue 972.0 1,040.0 1,102.4 1,157.6 1,215.4 EBITDA 136.1 156.0 176.4 191.0 206.6 Cash Interest (Term Loan) 43.2 41.1 37.6 32.8 26.8 Cash Interest (Mezzanine) 21.6 22.0 22.5 22.9 23.4 Cash Taxes 17.8 23.2 29.1 33.8 39.1 Capex 29.2 31.2 33.1 34.7…Read the full answer