Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
1. Simplified Year-by-Year Table (FY2026–FY2030) Metric FY2026 FY2027 FY2028 FY2029 FY2030 Revenue ($m) $972 $1,040 $1,102 $1,157 $1,215 EBITDA ($m) $136 $156 $177 $191 $207 EBITDA Margin 14.0% 15.0% 16.0% 16.5% 17.0% Cash Interest ($m) - Term Loan (9.0%) $48.6 $48.1 $47.6 $47.0 $46.4 - Mezzanine (12.0%) $21.6 $21.6…Read the full answer
HarborTech Services (HTS) — LBO Underwriting Analysis ENTRY SUMMARY (End FY2025) Item Value FY2025 EBITDA $120.0m Purchase EV (12.0x) $1,440.0m Transaction Fees (2.0%) $28.8m Total Uses $1,468.8m Term Loan (4.0x) $480.0m Mezzanine (1.5x) $180.0m Total Debt $660.0m Equity Check $808.8m YEAR-BY-YEAR MODEL (FY2026–FY2030…Read the full answer