Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Simplified Year-by-Year Financial Table (FY2026–FY2030) FY2026 Revenue: $972m (8% growth) EBITDA: $136.08m (14.0% margin) Cash Interest: Term Loan: $43.2m (9.0% of $480m) Mezzanine: $21.6m (12.0% of $180m) Cash Taxes: $17.07m (25% of EBITDA - cash interest) Capex: $29.16m (3.0% of revenue) ΔNWC: $3.6m (0.5% of…Read the full answer
HarborTech Services (HTS) – 5-Year LBO Underwriting Analysis Investment Summary Initial Equity Check: $808.8m Calculation: EV ($1,440m) + Fees ($28.8m) - Debt ($660m). Entry Leverage: 5.5x EBITDA ($660m Total Debt). Exit Leverage: ~2.0x EBITDA ($415.7m Total Debt).Read the full answer