Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Let's proceed step by step. All calculations are built from the data provided above. Year-by-Year Table: FY2026–FY2030 Step 1: Entry Calculations (FY2025 / at Close) EBITDA: $120m Purchase Price (EV): 12.0 × $120m = $1,440m Transaction Fees: 2.0% × $1,440m = $28.8m Total Uses: $1,440m + $28.8m = $1,468.8m Debt at…Read the full answer
HarborTech Services – 5‑year LBO (base case) FY Revenue EBITDA Cash Int – Term Cash Int – Mezz Cash Taxes Capex ΔNWC FCF after debt service (excess cash used for term‑loan paydown) Ending Debt (Term + Mezz) 2026 972.0 136.1 43.2 21.6 17.8 29.2 0.4 19.1 639.7 2027 1,040.0 156.0 41.0 22.0 23.2 31.2 0.3 33.6 605.2 2028…Read the full answer