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 for HarborTech Services (HTS). Transaction Summary & Sources & Uses Enterprise Value (EV): $120.0\text{m} \times 12.0\text{x} = \$1,440.0\text{m}$ Transaction Fees: $2.0\% \times \$1,440.0\text{m} = \$28.8\text{m}$ Total Uses: $\$1,440.0\text{m} + \$28.8\text{m} = \$1,468.8\text{m}$…Read the full answer
Below is a concise but fully worked underwriting using only your inputs. Minor rounding throughout. Operating & Cash Flow Build (Base Case) Entry (end FY2025) EBITDA: $120m EV @ 12.0x: $1,440m Debt: $660m (TL $480m / Mezz $180m) Fees (2% EV): $28.8m Equity invested: $808.8m Year-by-Year Summary ($mm) FY Revenue EBITDA…Read the full answer