Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
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
Here are the requested items: 1. Simplified Year-by-Year Table (FY2026-FY2030) Year Revenue EBITDA Cash Int. (TL) Cash Int. (Mz) Cash Taxes Capex ΔNWC FCF TL Balance Mz Balance 2026 972 136.08 36.00 18.00 17.12 29.16 4.86 30.90 360.00 135.00 2027 1037.84 154.78 33.60 19.44 20.45 31.13 5.19 44.12 315.88 133.56 2028…Read the full answer