Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Investment Committee Memorandum: HarborTech Services (HTS) 1. Financial Summary & Free Cash Flow Build All figures in $USD millions unless otherwise noted. Entry Sources & Uses (Close FY2025) Uses: Purchase Price ($1,440m) + Fees ($28.8m) = $1,468.8m Sources: Term Loan ($480m) + Mezzanine ($180m) + Equity ($808.8m) =…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