Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
LBO Model Summary ($m) Entry Calculations: Enterprise Value (EV): $120m * 12.0x = $1,440.0m Transaction Fees: $1,440m * 2.0% = $28.8m Term Loan: $120m * 4.0 = $480.0m Mezzanine: $120m * 1.5 = $180.0m Equity Contribution: ($1,440.0 + $28.8) - ($480.0 + $180.0) = $808.8m Annual Cash Flow & Debt Schedule: FY ($m) 2026E…Read the full answer
1) Year-by-Year Model (FY2026–2030) Line Item FY2026 FY2027 FY2028 FY2029 FY2030 Revenue $972.0 $1,040.0 $1,102.5 $1,157.6 $1,215.5 EBITDA $136.1 $156.0 $176.4 $191.0 $206.6 EBITDA Margin 14.0% 15.0% 16.0% 16.5% 17.0% Cash Interest - TL $43.2 $42.8 $42.3 $41.9 $41.5 Cash Interest - Mezz $16.2 $16.2 $16.2 $16.2 $16.2…Read the full answer