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 $206.62 EBITDA Margin %…Read the full answer
Sources & Uses (Entry FY2025) Uses ($m) Sources ($m) Enterprise Value (12.0x $120m) $1,440.0 Term Loan (4.0x) $480.0 Transaction Fees (2.0% EV) $28.8 Mezzanine (1.5x) $180.0 Total Uses $1,468.8 Equity (Plug) $808.8 Total Sources $1,468.8 Entry Equity Check: $808.8m Total Debt: $660.0m ($480m TL + $180m Mezz) 5-Year…Read the full answer