Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Okay, here's the simplified LBO model and analysis for HarborTech Services, based solely on the provided information. 1. Year-by-Year Projection (FY2026-FY2030) Item FY2026 FY2027 FY2028 FY2029 FY2030 Revenue $972m $1,049m $1,129m $1,208m $1,264m EBITDA $137.2m $155.9m $178.7m $195.1m $213.1m Cash Interest (Term Loan)…Read the full answer
HarborTech Services — 5-Year LBO Summary Entry Math EV = 12.0x × $120m = $1,440.0m; Fees (2%) = $28.8m; Total uses = $1,468.8m Debt: TL = 4.0x × 120 = $480.0m; Mezz = 1.5x × 120 = $180.0m; Total = $660.0m (5.5x) Sponsor equity = $808.8m Base Case Projection ($m) FY26 FY27 FY28 FY29 FY30 Revenue 972.0 1,039.7 1,102.1…Read the full answer