Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
HarborTech Services (HTS) — LBO Underwriting Memorandum To: Private Equity Investment Committee From: Underwriting Team Date: October 24, 2023 Subject: 5-Year LBO Analysis and Underwriting of HarborTech Services (HTS) Executive Summary & Capital Structure HarborTech Services (HTS) represents a highly defensive…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