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
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