Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Here is the underwriting analysis and LBO model for HarborTech Services (HTS). FY2026–FY2030 LBO Model Table ($ millions) Metric FY2026 FY2027 FY2028 FY2029 FY2030 Revenue $972.00 $1,040.04 $1,102.44 $1,157.56 $1,215.44 YoY Growth % 8.0% 7.0% 6.0% 5.0% 5.0% EBITDA $136.08 $156.01 $176.39 $191.00 $206.62 EBITDA Margin %…Read the full answer
1. Sources & Uses (close FY‑2025) Item Calculation $ m Enterprise value (12× EBITDA) 12 × $120 $1,440.0 Transaction fees (2 % of EV) 0.02 × $1,440 $28.8 Total debt (5.5× EBITDA) 5.5 × $120 $660.0 – Term loan (4× EBITDA) 4 × $120 $480.0 – Mezzanine (1.5× EBITDA) 1.5 × $120 $180.0 Equity required EV – Debt + Fees $808.8…Read the full answer